Trade Alert – CrowdStrike (CRWD) $343 – Sold 10% Profit Taking.
My buy recommendation of $280 still stands as a long-term investment. My purchase and first recommendation on Seeking Alpha was around $165, some profits are in order. It remains one of the premier platform providers with the widest range of products in endpoint and cyber security, but it is now valued at 21 x sales with 25% growth. I like to buy when that ratio is around 0.3 to 0.4, this is at 0.84! Still, it throws up more than 30% of revenues in cash and is a must-have end-point security industry leader. CRWD declares on June 4th, I might miss a bump if results and guidance are better so you may want to wait till then. I will likely put those proceeds in Sentinel One (S), a smaller, scrappier competitor with not as wide a range of products but definitely a contender, and given the importance of cybersecurity, this one should also give excellent returns. Sentinel One declares on 5/30.