Warburg Pincus LLC Purchases New Position in Crowdstrike Holdings Inc (NASDAQ:CRWD)

Warburg Pincus LLC purchased a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 54,938,776 shares of the company’s stock, valued at approximately $3,751,769,000. Crowdstrike comprises about 58.9% of Warburg Pincus LLC’s portfolio, making the stock its largest holding. Warburg Pincus LLC owned 27.93% of Crowdstrike at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CRWD. Vanguard Group Inc. bought a new position in shares of Crowdstrike in the 2nd quarter valued at about $85,696,000. General Atlantic LLC bought a new position in shares of Crowdstrike in the 2nd quarter valued at about $44,389,000. JPMorgan Chase & Co. bought a new position in shares of Crowdstrike in the 2nd quarter valued at about $39,939,000. BlackRock Inc. bought a new position in shares of Crowdstrike in the 2nd quarter valued at about $38,293,000. Finally, Institutional Venture Management XIII LLC bought a new position in shares of Crowdstrike in the 2nd quarter valued at about $32,748,000. 2.54% of the stock is owned by hedge funds and other institutional investors.

CRWD has been the subject of a number of analyst reports. Royal Bank of Canada initiated coverage on shares of Crowdstrike in a report on Monday, July 8th. They issued a “sector perform” rating and a $70.00 price target for the company. Mizuho started 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. Jefferies Financial Group increased their price objective on shares of Crowdstrike from $71.00 to $80.00 in a research report on Friday, July 19th. Summit Insights started 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, Bank of America reissued a “buy” rating and issued a $103.00 price objective (up from $89.00) on shares of Crowdstrike in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.44.

Crowdstrike stock traded down $1.45 during midday trading on Friday, reaching $67.48. The stock had a trading volume of 91,312 shares, compared to its average volume of 3,076,255. Crowdstrike Holdings Inc has a 52-week low of $56.00 and a 52-week high of $101.88. The stock has a fifty day simple moving average of $84.59.

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

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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