Pinegrove Venture Partners LLC Buys Shares of 1,472 CrowdStrike $CRWD

Pinegrove Venture Partners LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,472 shares of the company’s stock, valued at approximately $750,000. CrowdStrike makes up approximately 1.2% of Pinegrove Venture Partners LLC’s holdings, making the stock its 7th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Patron Partners LLC raised its stake in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock valued at $548,000 after purchasing an additional 22 shares in the last quarter. Real Talk Capital LLC lifted its holdings in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock worth $963,000 after buying an additional 24 shares during the last quarter. Ramirez Asset Management Inc. lifted its holdings in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after buying an additional 25 shares during the last quarter. Cladis Investment Advisory LLC increased its holdings in shares of CrowdStrike by 1.5% in the 1st quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company’s stock valued at $593,000 after acquiring an additional 25 shares during the last quarter. Finally, Eagle Wealth Strategies LLC raised its position in shares of CrowdStrike by 4.1% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 630 shares of the company’s stock valued at $321,000 after acquiring an additional 25 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.1%

Shares of CrowdStrike stock opened at $512.34 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The business’s fifty day moving average price is $510.53 and its two-hundred day moving average price is $475.95. The company has a market capitalization of $128.58 billion, a P/E ratio of -430.53, a PEG ratio of 119.10 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRWD shares. BTIG Research lifted their price objective on shares of CrowdStrike from $489.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Sanford C. Bernstein dropped their price objective on shares of CrowdStrike from $371.00 to $343.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. Arete Research set a $706.00 target price on CrowdStrike in a report on Tuesday, October 28th. Finally, Canaccord Genuity Group raised their price target on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $539.38.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer directly owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by corporate insiders.

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.