Riverhead Capital Management LLC Takes $55,000 Position in Crowdstrike Holdings Inc (NASDAQ:CRWD)

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Riverhead Capital Management LLC bought a new stake in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 800 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Executive Wealth Management LLC purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $34,000. Granite Point Capital Management L.P. purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $205,000. Envestnet Asset Management Inc. purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $239,000. FNY Investment Advisers LLC purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $302,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Crowdstrike during the 2nd quarter valued at about $308,000. Hedge funds and other institutional investors own 2.54% of the company’s stock.

A number of research firms recently weighed in on CRWD. Stifel Nicolaus increased their price objective on shares of Crowdstrike from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Barclays increased their price objective on shares of Crowdstrike from $80.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Piper Jaffray Companies increased their price objective on shares of Crowdstrike from $90.00 to $100.00 in a research report on Friday, September 6th. Summit Insights began coverage on shares of Crowdstrike in a research report on Wednesday, August 28th. They issued a “hold” rating and a $75.00 price objective on the stock. Finally, Mizuho began coverage on shares of Crowdstrike in a research report on Monday, July 8th. They issued a “buy” rating and a $80.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Crowdstrike has an average rating of “Buy” and an average price target of $87.44.

Shares of NASDAQ:CRWD traded down $4.80 during trading on Friday, reaching $64.86. 4,166,281 shares of the company were exchanged, compared to its average volume of 2,875,321. The business’s fifty day simple moving average is $87.46. Crowdstrike Holdings Inc has a 12-month low of $56.00 and a 12-month high of $101.88.

Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $103.79 million. The firm’s revenue was up 94.1% compared to the same quarter last year. On average, sell-side analysts expect that Crowdstrike Holdings Inc will post -1.06 EPS for the current fiscal year.

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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