NCP Inc. Acquires 5,700 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NCP Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1,900.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,000 shares of the company’s stock after purchasing an additional 5,700 shares during the period. CrowdStrike makes up approximately 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC lifted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the 3rd quarter valued at about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $364.30 on Wednesday. The stock’s 50 day moving average is $311.86 and its 200 day moving average is $312.52. The company has a market capitalization of $89.30 billion, a P/E ratio of 527.97, a PEG ratio of 26.33 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. 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 (NASDAQ:CRWD) last released 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. The firm had revenue of $963.87 million for 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 company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction 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 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 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on CRWD shares. Scotiabank reduced their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Barclays increased their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Finally, Robert W. Baird dropped their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.