BluePointe Capital Management LLC Has $635,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BluePointe Capital Management LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter valued at about $28,000. Tsfg LLC grew its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter worth about $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CRWD stock opened at $344.36 on Friday. The stock has a market capitalization of $84.41 billion, a PE ratio of 499.07, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50 day moving average price of $294.23 and a 200 day moving average price of $309.66. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Needham & Company LLC started coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. TD Cowen dropped their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is currently owned by company insiders.

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.