Ascent Group LLC Invests $1.60 Million in CrowdStrike $CRWD

Key Points

• Ascent Group LLC has invested approximately $1.60 million in CrowdStrike by acquiring 4,528 shares during the first quarter.
• Notable institutional investors have also increased their holdings in CrowdStrike, including Vanguard Group and Goldman Sachs, indicating strong interest in the company.
• CrowdStrike reported a 21.4% year-over-year revenue growth in its latest earnings, with a notable EPS of $0.93, exceeding analysts' expectations.

Ascent Group LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,528 shares of the company's stock, valued at approximately $1,596,000.

A number of other hedge funds have also bought and sold shares of the company. 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 buying an additional 908,554 shares during the last quarter. 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 buying an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after buying an additional 760,222 shares during the last quarter. Invesco Ltd. raised its stake in CrowdStrike by 16.4% during the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock worth $883,713,000 after buying an additional 352,473 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in CrowdStrike by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,383,943 shares of the company's stock worth $840,532,000 after buying an additional 445,612 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,734 shares of company stock valued at $84,087,728 over the last quarter. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Jefferies Financial Group decreased their price target on shares of CrowdStrike from $530.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Needham & Company LLC decreased their price target on shares of CrowdStrike from $530.00 to $475.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $460.10.

CrowdStrike Trading Up 2.5%

NASDAQ:CRWD opened at $428.06 on Tuesday. 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 firm has a 50-day moving average of $451.94 and a 200-day moving average of $426.29. The company has a market cap of $107.43 billion, a PE ratio of -359.71, a PEG ratio of 130.70 and a beta of 1.12. CrowdStrike has a one year low of $242.25 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. 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 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.

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