NCP Inc. Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NCP Inc. raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1,900.0% in the third quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the company’s stock after acquiring an additional 5,700 shares during the period. CrowdStrike comprises about 1.0% of NCP Inc.’s portfolio, making the stock its 15th biggest holding. NCP Inc.’s holdings in CrowdStrike were worth $1,683,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $364.30 on Wednesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market capitalization of $89.30 billion, a PE ratio of 527.97, a P/E/G ratio of 26.33 and a beta of 1.10. The company has a 50 day moving average price of $311.86 and a 200-day moving average price of $312.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

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

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. KeyCorp raised their price target on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Citigroup dropped their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $339.28.

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.