Balboa Wealth Partners Acquires 272 Shares of CrowdStrike $CRWD

Balboa Wealth Partners increased its position in CrowdStrike (NASDAQ:CRWD) by 35.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,044 shares of the company’s stock after acquiring an additional 272 shares during the period. Balboa Wealth Partners’ holdings in CrowdStrike were worth $532,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Patron Partners LLC grew its holdings in shares of CrowdStrike by 2.1% in the second quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock worth $548,000 after acquiring an additional 22 shares during the period. Real Talk Capital LLC grew its holdings in shares of CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock worth $963,000 after acquiring an additional 24 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock worth $51,000 after acquiring an additional 25 shares during the period. Close Asset Management Ltd grew its holdings in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after acquiring an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. grew its holdings in shares of CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after acquiring an additional 25 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $503.61 on Tuesday. The stock’s 50-day simple moving average is $456.70 and its 200-day simple moving average is $450.85. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98. The company 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. The company has a quick ratio of 1.88, a current 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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on CRWD. Wedbush reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, August 28th. Macquarie lifted their price objective on CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Piper Sandler cut their price objective on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Cfra reissued a “hold” rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, New Street Research set a $460.00 price target on CrowdStrike in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.95.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 11,883 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,090 shares of company stock valued at $75,500,649 over the last three months. Insiders own 3.32% of the company’s stock.

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.