Sunpointe LLC Has $317,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sunpointe LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131 shares of the company’s stock after purchasing an additional 34 shares during the period. Sunpointe LLC’s holdings in CrowdStrike were worth $317,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in CrowdStrike during the fourth quarter worth about $101,000. Integrated Advisors Network LLC bought a new stake in CrowdStrike during the fourth quarter worth about $431,000. EP Wealth Advisors LLC raised its holdings in CrowdStrike by 45.8% during the fourth quarter. EP Wealth Advisors LLC now owns 3,225 shares of the company’s stock worth $823,000 after acquiring an additional 1,013 shares in the last quarter. American International Group Inc. raised its holdings in CrowdStrike by 1.9% during the fourth quarter. American International Group Inc. now owns 19,431 shares of the company’s stock worth $4,961,000 after acquiring an additional 369 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in CrowdStrike by 5,452.5% during the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after acquiring an additional 141,929 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike 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 directly owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,212 shares of company stock valued at $29,291,893 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. KeyCorp upped their target price on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, Wells Fargo & Company dropped their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Stock Down 0.3 %

CRWD stock traded down $0.80 during mid-day trading on Wednesday, reaching $301.51. 204,980 shares of the company traded hands, compared to its average volume of 5,210,039. The stock has a market cap of $73.38 billion, a price-to-earnings ratio of 570.40, a P/E/G ratio of 19.94 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a fifty-two week low of $170.17 and a fifty-two week high of $398.33. The firm’s 50 day moving average price is $271.96 and its 200 day moving average price is $308.43.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

CrowdStrike Profile

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.