Blackstone Group Inc bought a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 38,900 shares of the company’s stock, valued at approximately $2,656,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Crowdstrike in the second quarter valued at $85,696,000. General Atlantic LLC acquired a new position in Crowdstrike in the second quarter valued at $44,389,000. JPMorgan Chase & Co. acquired a new position in Crowdstrike in the second quarter valued at $39,939,000. BlackRock Inc. acquired a new position in Crowdstrike in the second quarter valued at $38,293,000. Finally, Institutional Venture Management XIII LLC acquired a new position in Crowdstrike in the second quarter valued at $32,748,000. Hedge funds and other institutional investors own 2.54% of the company’s stock.

Several research firms recently commented on CRWD. CIBC began coverage on Crowdstrike in a research note on Monday, July 8th. They issued an “outperform” rating and a $90.00 target price for the company. Goldman Sachs Group began coverage on Crowdstrike in a research note on Monday, July 8th. They issued a “neutral” rating and a $66.00 target price for the company. JMP Securities began coverage on Crowdstrike in a research note on Monday, July 8th. They issued an “outperform” rating and a $80.00 target price for the company. Barclays upped their target price on Crowdstrike from $80.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus upped their target price on Crowdstrike from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Crowdstrike presently has a consensus rating of “Buy” and a consensus target price of $87.44.

NASDAQ CRWD traded down $0.97 during trading on Thursday, hitting $69.88. 296,744 shares of the company traded hands, compared to its average volume of 3,007,192. Crowdstrike Holdings Inc has a 12 month low of $56.00 and a 12 month high of $101.88. The business’s fifty day simple moving average is $85.08.

Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.25. The business had revenue of $108.10 million during the quarter, compared to the consensus estimate of $103.79 million. The company’s revenue was up 94.1% compared to the same quarter last year. On average, analysts forecast that Crowdstrike Holdings Inc will post -1.06 earnings per share for the current fiscal year.

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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