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

Balboa Wealth Partners raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 94.7% during the third quarter, HoldingsChannel reports. The fund 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.

A number of other hedge funds have also bought and sold shares of the company. Arlington Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the period. Saturna Capital Corp lifted its position in shares of CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares during the last quarter. Sunpointe LLC lifted its position in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares during the last quarter. Means Investment CO. Inc. lifted its position in shares of CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its position in shares of CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after buying an additional 39 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $344.36 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The business has a 50-day simple moving average of $294.23 and a two-hundred day simple moving average of $309.66. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

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

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,248 shares of company stock worth $31,103,350. Insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on shares of CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Truist Financial restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. One investment 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 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.