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

TrinityPoint Wealth LLC decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.6% in the 3rd quarter, Holdings Channel.com reports. 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter worth $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at $32,000. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

CrowdStrike Trading Up 1.8 %

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

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Susquehanna reissued a “positive” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. UBS Group reduced their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Raymond James dropped their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Oppenheimer lowered their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued 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, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $331.90.

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.