Balboa Wealth Partners Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Balboa Wealth Partners boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,495 shares of the company’s stock after buying an additional 733 shares during the period. Balboa Wealth Partners’ holdings in CrowdStrike were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CRWD. Axxcess Wealth Management LLC boosted its holdings in CrowdStrike by 39.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 4,003 shares of the company’s stock valued at $1,123,000 after purchasing an additional 1,123 shares during the period. Ashton Thomas Securities LLC bought a new position in CrowdStrike in the 3rd quarter valued at $38,000. Venturi Wealth Management LLC boosted its holdings in CrowdStrike by 7.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,946 shares of the company’s stock valued at $546,000 after purchasing an additional 128 shares during the period. WealthPLAN Partners LLC boosted its holdings in CrowdStrike by 92.9% in the 3rd quarter. WealthPLAN Partners LLC now owns 1,258 shares of the company’s stock valued at $353,000 after purchasing an additional 606 shares during the period. Finally, Baillie Gifford & Co. bought a new position in CrowdStrike in the 3rd quarter valued at $10,499,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CRWD shares. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

Shares of CRWD opened at $346.76 on Thursday. The stock has a market cap of $85.41 billion, a PE ratio of 679.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm’s 50-day simple moving average is $386.10 and its two-hundred day simple moving average is $340.26.

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.