WESPAC Advisors SoCal LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WESPAC Advisors SoCal LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,557 shares of the company's stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $28,000. Tsfg LLC increased its holdings in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of the business'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 $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 2.2 %

NASDAQ CRWD traded down $7.61 during trading on Friday, reaching $336.75. 3,460,547 shares of the company's stock were exchanged, compared to its average volume of 3,206,090. The firm has a market capitalization of $82.55 billion, a PE ratio of 488.04, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The company's fifty day simple moving average is $297.79 and its 200-day simple moving average is $310.25. 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 - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 analyst estimates of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company's quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Truist Financial reaffirmed a "buy" rating and set a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. Royal Bank of Canada cut their target price on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Finally, DA Davidson restated a "buy" rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.