Balboa Wealth Partners Acquires 272 Shares of CrowdStrike $CRWD

Balboa Wealth Partners raised its holdings in CrowdStrike (NASDAQ:CRWD) by 35.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,044 shares of the company’s stock after buying an additional 272 shares during the quarter. Balboa Wealth Partners’ holdings in CrowdStrike were worth $532,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Forvis Mazars Wealth Advisors LLC grew its position in shares of CrowdStrike by 11.7% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 744 shares of the company’s stock worth $379,000 after buying an additional 78 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of CrowdStrike by 4.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,398 shares of the company’s stock worth $1,731,000 after buying an additional 146 shares during the last quarter. Pinnacle Wealth Management LLC grew its position in shares of CrowdStrike by 547.5% in the 2nd quarter. Pinnacle Wealth Management LLC now owns 5,471 shares of the company’s stock worth $2,786,000 after buying an additional 4,626 shares during the last quarter. Joseph P. Lucia & Associates LLC purchased a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $342,000. Finally, Novare Capital Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $324,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. Cantor Fitzgerald raised their target price on CrowdStrike from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Cfra restated a “hold” rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. The Goldman Sachs Group raised their target price on CrowdStrike from $492.00 to $535.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $494.95.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,762 shares of CrowdStrike stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total value of $850,006.42. Following the completion of the sale, the chief accounting officer directly owned 37,255 shares of the company’s stock, valued at approximately $17,972,184.55. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Up 3.9%

Shares of NASDAQ:CRWD opened at $503.61 on Tuesday. The stock has a fifty day simple moving average of $456.70 and a two-hundred day simple moving average of $450.85. The stock has a market capitalization of $126.39 billion, a price-to-earnings ratio of -423.20, a PEG ratio of 113.89 and a beta of 1.19. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

About CrowdStrike

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.