Bryce Point Capital LLC Invests $673,000 in CrowdStrike (NASDAQ:CRWD)

Key Points

• Bryce Point Capital LLC acquired 1,849 shares of CrowdStrike (NASDAQ:CRWD), valued at approximately $673,000, as part of its investment strategy in the 1st quarter.
• Institutional ownership in CrowdStrike is significant, with 71.16% of the stock held by various institutional investors, including Jennison Associates LLC, which increased its stake by 21.1%.
• CrowdStrike is currently rated as a "Moderate Buy", with a consensus target price of $461.17 according to recent analyst reports, while its price reached a 12-month high of $517.98.

Bryce Point Capital LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,849 shares of the company's stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in CrowdStrike in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Neo Ivy Capital Management acquired a new position in CrowdStrike in the first quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC increased its position in shares of 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 purchasing an additional 38 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. Roth Capital boosted their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC raised their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Susquehanna upped their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Piper Sandler downgraded shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a research note on Monday, July 7th. Finally, Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Stock Down 0.4%

NASDAQ:CRWD traded down $2.06 during trading hours on Wednesday, hitting $463.45. 1,526,944 shares of the company traded hands, compared to its average volume of 3,784,632. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $115.52 billion, a PE ratio of -671.67 and a beta of 1.16. The firm's 50-day simple moving average is $478.91 and its 200-day simple moving average is $420.72.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer directly owned 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 241,820 shares of company stock valued at $113,297,985. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Company 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.