BluePointe Capital Management LLC Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BluePointe Capital Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,264 shares of the company’s stock after purchasing an additional 575 shares during the quarter. BluePointe Capital Management LLC’s holdings in CrowdStrike were worth $635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike during the second quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in CrowdStrike during the second quarter worth $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $344.36 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $198.86 and a 1 year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a fifty day moving average price of $294.23 and a two-hundred day moving average price of $309.66. The firm has a market cap of $84.41 billion, a P/E ratio of 499.07, a PEG ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,248 shares of company stock valued at $31,103,350 over the last three months. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Argus lowered their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Evercore ISI decreased their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Truist Financial restated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $328.74.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.