Sharpepoint LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sharpepoint LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,715 shares of the company's stock, valued at approximately $2,640,000. CrowdStrike accounts for 2.4% of Sharpepoint LLC's investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the period. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 2,974 shares of CrowdStrike stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $362.48, for a total value of $1,078,015.52. Following the transaction, the director now directly owns 82,875 shares in the company, valued at approximately $30,040,530. This trade represents a 3.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock valued at $46,197,236 over the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

CrowdStrike stock traded up $26.45 during midday trading on Thursday, hitting $412.20. 2,606,350 shares of the company's stock were exchanged, compared to its average volume of 5,027,449. The firm's 50 day simple moving average is $371.32 and its 200 day simple moving average is $359.55. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $102.17 billion, a price-to-earnings ratio of 807.61, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial reduced their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. DA Davidson lifted their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Barclays reduced their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group raised their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.76.

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.