Westfield Capital Management Co. LP Buys Shares of 138,476 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westfield Capital Management Co. LP purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 138,476 shares of the company’s stock, valued at approximately $38,838,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Arlington Financial Advisors LLC grew its stake in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the period. Sunpointe LLC increased its stake in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the last quarter. Means Investment CO. Inc. increased its position in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the last quarter. Interchange Capital Partners LLC lifted its stake in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after purchasing an additional 39 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CRWD shares. BMO Capital Markets increased their target price on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. BNP Paribas initiated coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, KeyCorp boosted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $335.62.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the completion of the sale, the chief financial officer now owns 286,472 shares in the company, valued at $85,216,825.84. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $372.26 on Monday. The company has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $308.04 and a 200-day moving average of $311.89. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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.