Balboa Wealth Partners Buys 2,316 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Balboa Wealth Partners increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 94.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,762 shares of the company’s stock after acquiring an additional 2,316 shares during the quarter. Balboa Wealth Partners’ holdings in CrowdStrike were worth $1,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Sycomore Asset Management bought a new position in shares of CrowdStrike in the third quarter valued at $3,055,000. ING Groep NV purchased a new stake in shares of CrowdStrike in the third quarter valued at about $13,217,000. Lifeworks Advisors LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at about $236,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of CrowdStrike by 3.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,729 shares of the company’s stock valued at $1,887,000 after purchasing an additional 240 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its holdings in CrowdStrike by 0.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 159,644 shares of the company’s stock worth $44,775,000 after buying an additional 892 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 1.0 %

CRWD stock opened at $344.36 on Friday. The stock’s 50 day simple moving average is $294.23 and its 200 day simple moving average is $309.66. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $84.41 billion, a P/E ratio of 499.07, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10.

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

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,248 shares of company stock worth $31,103,350 over the last three months. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWD shares. Scotiabank reduced their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. KeyCorp lifted their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Company 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.