Westfield Capital Management Co. LP Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westfield Capital Management Co. LP bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 138,476 shares of the company’s stock, valued at approximately $38,838,000. Westfield Capital Management Co. LP owned 0.06% of CrowdStrike at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wealth Dimensions Group Ltd. grew its stake in shares of CrowdStrike by 20.3% during the third quarter. Wealth Dimensions Group Ltd. now owns 956 shares of the company’s stock valued at $268,000 after buying an additional 161 shares during the last quarter. Senvest Management LLC purchased a new position in CrowdStrike during the 3rd quarter worth $37,217,000. Crewe Advisors LLC raised its position in CrowdStrike by 77.3% during the 3rd quarter. Crewe Advisors LLC now owns 452 shares of the company’s stock valued at $127,000 after purchasing an additional 197 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of CrowdStrike by 4.7% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 4,487 shares of the company’s stock worth $1,258,000 after buying an additional 200 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of CrowdStrike by 9.8% during the 3rd quarter. Penserra Capital Management LLC now owns 287,156 shares of the company’s stock worth $80,536,000 after buying an additional 25,692 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Truist Financial lifted their price objective on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. Rosenblatt Securities restated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $335.62.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now owns 400,390 shares in the company, valued at $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value 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. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $372.26 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The stock’s 50-day moving average price is $308.04 and its 200-day moving average price is $311.89. The stock has a market capitalization of $91.25 billion, a PE ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS 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 company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company 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.

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.