Masso Torrence Wealth Management Inc. Buys New Position in CrowdStrike $CRWD

Key Points

• Masso Torrence Wealth Management Inc. has made a new investment in CrowdStrike (NASDAQ: CRWD), purchasing 958 shares valued at approximately $488,000.
• Institutional investors own 71.16% of CrowdStrike's stock, with several firms recently increasing their holdings, notably Geneos Wealth Management, which boosted its stake by 33.2%.
• CrowdStrike's latest earnings report showed a revenue increase of 21.4% year-over-year, with the company reporting $1.17 billion in revenue and earnings per share beating estimates at $0.93.

Masso Torrence Wealth Management Inc. bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 958 shares of the company's stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in CrowdStrike in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in CrowdStrike in the 1st quarter worth $30,000. Institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,741 shares of company stock valued at $47,456,437. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BTIG Research reissued a "buy" rating and issued a $489.00 price target on shares of CrowdStrike in a report on Thursday. Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Truist Financial raised their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday. Sanford C. Bernstein cut their price target on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a report on Thursday, August 28th. Finally, Stephens raised their target price on shares of CrowdStrike from $510.00 to $525.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $476.41.

CrowdStrike Stock Down 1.9%

CrowdStrike stock traded down $9.41 during trading hours on Monday, hitting $493.14. The stock had a trading volume of 3,872,883 shares, compared to its average volume of 3,994,004. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $123.76 billion, a P/E ratio of -414.40, a price-to-earnings-growth ratio of 120.33 and a beta of 1.12. CrowdStrike has a 12-month low of $272.67 and a 12-month high of $517.98. The stock's 50-day moving average price is $443.28 and its 200-day moving average price is $431.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.