Hamilton Lane Advisors LLC Invests $1.24 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hamilton Lane Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, HoldingsChannel.com reports. The fund bought 5,054 shares of the company’s stock, valued at approximately $1,242,000.

Several other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 48.1% in the 2nd quarter. Jennison Associates LLC now owns 8,903,544 shares of the company’s stock worth $2,237,550,000 after buying an additional 2,892,008 shares during the last quarter. Morgan Stanley grew its holdings in CrowdStrike by 223.3% during the 2nd quarter. Morgan Stanley now owns 4,563,798 shares of the company’s stock valued at $1,146,928,000 after purchasing an additional 3,152,219 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in CrowdStrike by 14.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,180,821 shares of the company’s stock valued at $1,050,682,000 after purchasing an additional 531,958 shares during the last quarter. State Street Corp grew its holdings in CrowdStrike by 17.3% during the 2nd quarter. State Street Corp now owns 3,744,332 shares of the company’s stock valued at $940,988,000 after purchasing an additional 552,456 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in CrowdStrike by 45.0% during the 2nd quarter. Whale Rock Capital Management LLC now owns 2,947,947 shares of the company’s stock valued at $740,849,000 after purchasing an additional 914,678 shares during the last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.

Several brokerages recently commented on CRWD. Royal Bank of Canada upped their price target on shares of CrowdStrike from $259.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, August 30th. JMP Securities upped their price target on shares of CrowdStrike from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, September 1st. Stifel Nicolaus upped their price target on shares of CrowdStrike from $300.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, September 1st. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, September 1st. Finally, Zacks Investment Research cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $256.00 price objective for the company. in a research report on Monday, August 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $291.61.

In other CrowdStrike news, Director Gerhard Watzinger sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $283.25, for a total transaction of $1,416,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 26th. The shares were sold at an average price of $290.01, for a total transaction of $725,025.00. The disclosure for this sale can be found here. Insiders have sold 154,399 shares of company stock valued at $40,321,394 in the last three months. 8.64% of the stock is currently owned by corporate insiders.

NASDAQ:CRWD traded up $0.19 during midday trading on Thursday, reaching $230.77. 3,128,456 shares of the stock traded hands, compared to its average volume of 3,680,890. CrowdStrike Holdings, Inc. has a 12-month low of $138.24 and a 12-month high of $298.48. The business has a 50-day moving average of $264.36 and a two-hundred day moving average of $250.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $52.66 billion, a PE ratio of -278.03 and a beta of 1.34.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Monday, August 30th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. CrowdStrike had a negative net margin of 16.34% and a negative return on equity of 13.86%. The company had revenue of $337.69 million during the quarter, compared to analysts’ expectations of $323.53 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. CrowdStrike’s revenue for the quarter was up 69.7% compared to the same quarter last year. Research analysts anticipate that CrowdStrike Holdings, Inc. will post -0.53 earnings per share for the current year.

About CrowdStrike

CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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