Avanza Fonder AB Takes $8.80 Million Position in CrowdStrike $CRWD

Key Points

• Avanza Fonder AB acquired 17,275 shares of CrowdStrike, valued at approximately $8.8 million, marking a new investment position during the second quarter.
• Several institutional investors have increased their stakes in CrowdStrike, which now has 71.16% of its stock held by such entities.
• Analysts' recent rating updates include a target price increase from $490.00 to $515.00 by DA Davidson, while the current average consensus price target stands at $473.85.

Avanza Fonder AB acquired a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,275 shares of the company's stock, valued at approximately $8,798,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of CrowdStrike during the 1st quarter worth $595,766,000. Jennison Associates LLC boosted its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after buying an additional 955,529 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after buying an additional 908,554 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $510.00 price objective on shares of CrowdStrike in a research report on Thursday, September 18th. Bank of America reaffirmed a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cfra reaffirmed a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Sanford C. Bernstein lowered their target price on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Finally, Truist Financial boosted their price objective on CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and twenty have issued a Hold rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $477.21.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the transaction, the director owned 18,858 shares in the company, valued at $9,667,553.70. The trade was a 33.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,973 shares of company stock worth $46,586,987 in the last quarter. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $8.43 during trading hours on Tuesday, hitting $484.71. The company had a trading volume of 1,816,968 shares, compared to its average volume of 3,719,745. CrowdStrike has a 1-year low of $272.67 and a 1-year high of $517.98. The company has a market cap of $121.64 billion, a PE ratio of -406.67, a price-to-earnings-growth ratio of 120.33 and a beta of 1.12. The business has a 50 day moving average of $443.28 and a 200-day moving average of $431.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The firm's revenue 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. As a group, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current 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.