Selz Capital LLC Boosts Holdings in Crowdstrike Holdings Inc (NASDAQ:CRWD)
Selz Capital LLC increased its holdings in Crowdstrike Holdings Inc (NASDAQ:CRWD) by 193.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,000 shares of the company’s stock after purchasing an additional 120,000 shares during the period. Crowdstrike accounts for 1.6% of Selz Capital LLC’s holdings, making the stock its 23rd biggest holding. Selz Capital LLC owned 0.09% of Crowdstrike worth $9,076,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Hudock Capital Group LLC bought a new stake in shares of Crowdstrike in the 3rd quarter worth about $32,000. Glen Harbor Capital Management LLC purchased a new position in shares of Crowdstrike in the 2nd quarter worth approximately $63,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Crowdstrike in the 3rd quarter worth approximately $70,000. Meadow Creek Investment Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter valued at approximately $97,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Crowdstrike during the 2nd quarter valued at $103,000. 35.26% of the stock is currently owned by institutional investors.
In related news, Director Pincus Private Equity Warburg sold 2,422,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $49.70, for a total transaction of $120,398,250.00. Following the completion of the sale, the director now directly owns 2,422,500 shares in the company, valued at approximately $120,398,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Charles R. Kaye sold 67,750 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.43, for a total value of $3,348,882.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,957,350 shares of company stock worth $412,457,590.
Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The business had revenue of $125.10 million for the quarter, compared to the consensus estimate of $118.79 million. The company’s revenue for the quarter was up 88.4% on a year-over-year basis. Sell-side analysts anticipate that Crowdstrike Holdings Inc will post -1.03 EPS for the current fiscal year.
A number of brokerages recently issued reports on CRWD. Citigroup assumed coverage on Crowdstrike in a research report on Monday, October 14th. They issued a “sell” rating and a $43.00 price target for the company. Royal Bank of Canada cut their price objective on shares of Crowdstrike from $83.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Wednesday, December 4th. ValuEngine cut shares of Crowdstrike from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Needham & Company LLC reiterated a “buy” rating and set a $92.00 price objective on shares of Crowdstrike in a research report on Monday, December 9th. Finally, Credit Suisse Group boosted their price objective on shares of Crowdstrike from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Crowdstrike currently has a consensus rating of “Buy” and an average target price of $76.10.
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