Bryce Point Capital LLC Purchases Shares of 1,849 CrowdStrike (NASDAQ:CRWD)

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

Several other institutional investors also recently modified their holdings of the business. Jennison Associates LLC increased its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC increased its stake in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Northern Trust Corp grew its stake in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after acquiring an additional 324,136 shares during the period. FMR LLC grew its stake in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock worth $754,179,000 after acquiring an additional 287,960 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of CrowdStrike by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company’s stock worth $663,221,000 after acquiring an additional 206,159 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRWD. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Mizuho lifted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Evercore ISI restated an “in-line” rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, BMO Capital Markets boosted their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. One 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 stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.17.

Insider Buying and Selling at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares of the company’s stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,768 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $467.92 on Monday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company’s 50 day moving average is $477.89 and its 200 day moving average is $419.54. 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 company has a market cap of $116.63 billion, a PE ratio of -678.14 and a beta of 1.16.

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

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.