Nissay Asset Management Corp Japan ADV Buys New Shares in Crowdstrike Holdings Inc (NASDAQ:CRWD)

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Nissay Asset Management Corp Japan ADV bought a new stake in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,910 shares of the company’s stock, valued at approximately $1,094,000.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Guggenheim Capital LLC acquired a new stake in Crowdstrike during the fourth quarter valued at approximately $385,000. Bank of New York Mellon Corp raised its holdings in shares of Crowdstrike by 34.2% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the company’s stock valued at $805,000 after acquiring an additional 4,111 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Crowdstrike by 10,254.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 11,804 shares of the company’s stock valued at $589,000 after acquiring an additional 11,690 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Crowdstrike during the fourth quarter valued at approximately $423,000. Finally, Geode Capital Management LLC raised its holdings in shares of Crowdstrike by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 164,617 shares of the company’s stock valued at $8,209,000 after acquiring an additional 3,290 shares during the period. 54.23% of the stock is owned by institutional investors and hedge funds.

CRWD has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Crowdstrike from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. BidaskClub lowered shares of Crowdstrike from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 15th. Citigroup upgraded shares of Crowdstrike from a “sell” rating to a “neutral” rating and set a $116.00 price objective on the stock in a research note on Thursday, July 9th. DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of Crowdstrike in a research note on Friday, June 26th. Finally, Oppenheimer started coverage on shares of Crowdstrike in a research note on Thursday, June 11th. They issued a “buy” rating and a $110.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $105.83.

Shares of Crowdstrike stock opened at $113.20 on Friday. Crowdstrike Holdings Inc has a fifty-two week low of $31.95 and a fifty-two week high of $118.58. The firm has a fifty day moving average price of $103.87 and a two-hundred day moving average price of $74.78.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The company had revenue of $178.08 million during the quarter, compared to the consensus estimate of $165.39 million. Crowdstrike had a negative net margin of 23.97% and a negative return on equity of 18.48%. The firm’s revenue for the quarter was up 85.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.47) EPS. On average, equities research analysts expect that Crowdstrike Holdings Inc will post -0.5 earnings per share for the current fiscal year.

In other news, CEO George Kurtz sold 243,264 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $116.32, for a total transaction of $28,296,468.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Carpenter sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $72.23, for a total transaction of $2,166,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,147,077 shares of company stock valued at $931,803,353 over the last ninety days. 11.32% of the stock is owned by insiders.

Further Reading: What is the Euro STOXX 50 Index?

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crowdstrike Holdings Inc (NASDAQ:CRWD).

Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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