AQR Capital Management LLC Acquires 43,237 Shares of CrowdStrike $CRWD

Key Points

• AQR Capital Management LLC increased its stake in CrowdStrike by 34.5% in Q1, owning 168,686 shares valued at approximately $57.76 million.
• Insiders have sold 188,164 shares of CrowdStrike worth nearly $88.9 million in the last 90 days, with CFO Burt W. Podbere and CEO George Kurtz being notable sellers.
• CrowdStrike reported a quarterly earnings per share (EPS) of $0.93, surpassing estimates and showing a 21.4% increase in revenue year-over-year.

AQR Capital Management LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 34.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,686 shares of the company's stock after buying an additional 43,237 shares during the quarter. AQR Capital Management LLC owned 0.07% of CrowdStrike worth $57,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Nuveen LLC purchased a new position in CrowdStrike during the first quarter worth approximately $595,766,000. Jennison Associates LLC raised its stake in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its stake in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Finally, Vanguard Group Inc. raised its stake in CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $3.85 during midday trading on Tuesday, reaching $424.21. The stock had a trading volume of 1,659,575 shares, compared to its average volume of 3,700,281. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98. The firm's fifty day simple moving average is $451.94 and its 200-day simple moving average is $426.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $106.46 billion, a P/E ratio of -356.48, a PEG ratio of 130.70 and a beta of 1.12.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $530.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $460.10.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $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. Insiders sold 178,734 shares of company stock worth $84,087,728 in the last 90 days. 3.32% of the stock is currently owned by insiders.

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.