Golden State Equity Partners Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Golden State Equity Partners boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,789 shares of the company’s stock after purchasing an additional 543 shares during the period. Golden State Equity Partners’ holdings in CrowdStrike were worth $502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRWD shares. Sanford C. Bernstein lowered their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Argus lowered their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Citigroup lowered their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Price Performance

Shares of CRWD stock opened at $307.45 on Thursday. CrowdStrike Holdings, Inc. has a twelve month low of $172.58 and a twelve month high of $398.33. The stock has a market capitalization of $75.36 billion, a price-to-earnings ratio of 580.09, a P/E/G ratio of 19.94 and a beta of 1.10. The stock has a fifty day simple moving average of $283.63 and a two-hundred day simple moving average of $307.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

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.