CrowdStrike -1.6% amid report of 5M-share offering
That’s the headline in a quick update on Seeking Alpha.
5M shares are being offered at $53.60 to $53.80.
Just an FYI.
A.J.
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According to this Bloomberg report Goldman Sachs is arranging a sale of five million shares for a shareholder. So this is not an effort by the company to raise funds.
The bank is offering the shares on behalf of an unknown shareholder at $53.60 to $53.80 each, a maximum 2.7% discount to Monday’s closing price.
https://newsfilter.io/articles/goldman-sachs-to-market-large…
Frank - long CRWD, see profile for all holders
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CrowdStrike -1.6% amid report of 5M-share offering. That’s the headline in a quick update on Seeking Alpha. 5M shares are being offered at $53.60 to $53.80.
Thanks Phoolio, I saw a later news update and it appears Credit Suisse is putting 5 million shares that it’s been holding up for sale. It’s not a Crowdstrike stock offering or any officers of the company selling anything.
Saul
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Thanks Phoolio, I saw a later news update and it appears Credit Suisse is putting 5 million shares that it’s been holding up for sale. It’s not a Crowdstrike stock offering or any officers of the company selling anything.
I wouldn’t worry excessively about it. Crowdstrike’s volume yesterday when they rose 8.6% was 21.8 million shares. Credit Suisse probably could have sold their 5 million shares yesterday in pieces on the open market.
Saul
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This analyst writes for Cramers site , The Street:
Here’s Why Cybersecurity Play CrowdStrike Has My Interest
CrowdStrike (CRWD) is a name in this space that has my interest. The company combines the cloud and artificial intelligence to create the first cloud-native Endpoint Security platform. …
… Still, the potential exists for the company to maintain a growth rate between 50% and 100% for the next half-decade
https://realmoney.thestreet.com/investing/here-s-why-cyberse…
Hints of buyout offers are always a friend to volatility, eh.:
Software Stocks: How Microsoft, Google, Palo Alto Fit In Merger Plays
Microsoft and Cisco Systems loom as possible buyers of cybersecurity firm CrowdStrike while Palo Alto Networks could be a target of VMware or Alphabet’s Google, one Wall Street brokerage says in an outlook on software stocks.
In its 2020 forecast, RBC Capital says that if Microsoft does not buy a cybersecurity firm such as CrowdStrike, the behemoth could target software stocks Workday or Twilio. Meanwhile, Cisco may be eyeing CrowdStrike, the brokerage speculates.
https://amp.flipboard.com/topic/enterprisesoftware/software-…
Best, kevin c
long of Crwd and Goog
please click my screen name for disclosed holdings
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