BluePointe Capital Management LLC Increases Holdings in CrowdStrike (NASDAQ:CRWD)

BluePointe Capital Management LLC grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 32.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,038 shares of the company's stock after purchasing an additional 737 shares during the quarter. BluePointe Capital Management LLC's holdings in CrowdStrike were worth $1,071,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Sound Income Strategies LLC lifted its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD traded down $2.90 on Tuesday, reaching $473.28. 2,525,884 shares of the company's stock traded hands, compared to its average volume of 2,933,636. The stock has a market cap of $117.97 billion, a PE ratio of 11,904.50 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock's 50 day simple moving average is $470.85 and its two-hundred day simple moving average is $412.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the transaction, the president directly owned 410,677 shares in the company, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director owned 18,858 shares in the company, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 253,221 shares of company stock worth $117,687,463 in the last ninety days. Insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cfra reaffirmed a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Truist Financial restated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cantor Fitzgerald raised their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Finally, BMO Capital Markets raised their price target on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.40.

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.