Perigon Wealth Management LLC Purchases New Stake in Crowdstrike Holdings Inc (NASDAQ:CRWD)

Perigon Wealth Management LLC purchased a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,430 shares of the company’s stock, valued at approximately $244,000.

Several other large investors also recently bought and sold shares of the stock. TRUE Private Wealth Advisors purchased a new position in Crowdstrike in the first quarter worth approximately $25,000. Sugarloaf Wealth Management LLC purchased a new position in Crowdstrike in the second quarter worth approximately $25,000. Creative Financial Designs Inc. ADV purchased a new position in Crowdstrike in the second quarter worth approximately $25,000. Trustcore Financial Services LLC purchased a new position in Crowdstrike in the first quarter worth approximately $28,000. Finally, Synovus Financial Corp purchased a new position in Crowdstrike in the first quarter worth approximately $32,000. 54.23% of the stock is owned by hedge funds and other institutional investors.

CRWD opened at $113.20 on Friday. The business’s 50-day simple moving average is $103.87 and its 200-day simple moving average is $74.78. Crowdstrike Holdings Inc has a one year low of $31.95 and a one year high of $118.58. The stock has a market capitalization of $23.27 billion and a P/E ratio of -141.50.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.08. Crowdstrike had a negative return on equity of 18.48% and a negative net margin of 23.97%. The business had revenue of $178.08 million for the quarter, compared to analysts’ expectations of $165.39 million. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. The business’s revenue was up 85.3% compared to the same quarter last year. As a group, equities research analysts forecast that Crowdstrike Holdings Inc will post -0.5 earnings per share for the current fiscal year.

In related news, insider Shawn Henry sold 1,529 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $102.14, for a total transaction of $156,172.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.09, for a total value of $3,092,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,147,077 shares of company stock worth $931,803,353. Corporate insiders own 11.32% of the company’s stock.

Several research analysts recently weighed in on the company. BidaskClub lowered Crowdstrike from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Credit Suisse Group raised their price target on Crowdstrike from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on Crowdstrike from $109.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus raised their price target on Crowdstrike from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Mizuho raised their price target on Crowdstrike from $92.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Crowdstrike has an average rating of “Buy” and an average target price of $105.83.

Further Reading: What does the Producer Price Index (PPI) tell investors?

Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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