Masso Torrence Wealth Management Inc. Buys 311 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Masso Torrence Wealth Management Inc. grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,389 shares of the company’s stock after buying an additional 311 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in CrowdStrike were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the second quarter valued at approximately $25,000. Family Firm Inc. bought a new position in shares of CrowdStrike during the second quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in CrowdStrike during the 2nd quarter worth $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Argus lowered their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Scotiabank dropped their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Price Performance

CrowdStrike stock traded down $3.85 during mid-day trading on Friday, reaching $300.62. The company had a trading volume of 6,045,774 shares, compared to its average volume of 5,156,198. The business has a fifty day simple moving average of $281.37 and a 200 day simple moving average of $307.98. The company has a market cap of $73.16 billion, a P/E ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $170.17 and a fifty-two week high of $398.33. 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 released its quarterly earnings data 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. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike 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.