Malaga Cove Capital LLC Sells 101 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Malaga Cove Capital LLC decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,168 shares of the company’s stock after selling 101 shares during the quarter. CrowdStrike comprises approximately 1.3% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Malaga Cove Capital LLC’s holdings in CrowdStrike were worth $3,132,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Graypoint LLC boosted its stake in CrowdStrike by 57.2% during the 3rd quarter. Graypoint LLC now owns 860 shares of the company’s stock worth $241,000 after acquiring an additional 313 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in CrowdStrike by 67.0% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 1,460 shares of the company’s stock worth $409,000 after acquiring an additional 586 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of CrowdStrike in the third quarter worth about $213,000. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at approximately $955,000. Finally, NorthRock Partners LLC lifted its stake in CrowdStrike by 13.4% in the third quarter. NorthRock Partners LLC now owns 3,738 shares of the company’s stock valued at $1,048,000 after buying an additional 443 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 4.0 %

NASDAQ CRWD opened at $320.00 on Thursday. The business has a fifty day moving average price of $287.38 and a two-hundred day moving average price of $308.22. The stock has a market capitalization of $78.44 billion, a PE ratio of 463.77, a PEG ratio of 20.50 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $189.12 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup cut their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Needham & Company LLC started coverage on CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. BMO Capital Markets lifted their target price on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. reduced their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, Susquehanna reiterated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given 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 data from MarketBeat.com, the company currently has a consensus 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.