TrinityPoint Wealth LLC Sells 452 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TrinityPoint Wealth LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 720 shares of the company’s stock after selling 452 shares during the period. TrinityPoint Wealth LLC’s holdings in CrowdStrike were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC bought a new position in CrowdStrike during the second quarter worth $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Up 1.8 %

Shares of CRWD stock opened at $342.97 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $84.07 billion, a P/E ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. The company has a 50 day moving average of $299.72 and a 200-day moving average of $310.63. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. BMO Capital Markets raised their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. KeyCorp upped their target price on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Evercore ISI reduced their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $331.90.

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.