Graypoint LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Graypoint LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 547 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the first quarter worth approximately $30,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the second quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the fourth quarter valued at about $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,856,294 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CRWD. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. Wedbush reaffirmed an “outperform” rating and issued a $315.00 price target on shares of CrowdStrike in a research note on Friday, August 9th. Morgan Stanley cut their price target on shares of CrowdStrike from $360.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $329.47.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $277.28 on Tuesday. The firm’s 50-day moving average price is $299.86 and its 200-day moving average price is $317.67. CrowdStrike Holdings, Inc. has a 52-week low of $145.38 and a 52-week high of $398.33. The company has a market cap of $67.48 billion, a PE ratio of 523.18, a PEG ratio of 13.44 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current year.

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.