Asio Capital LLC Has $4.96 Million Stock Position in CrowdStrike $CRWD

Key Points

• Asio Capital LLC has increased its stake in CrowdStrike by 42%, acquiring an additional 2,881 shares, bringing its total to 9,736 shares valued at approximately $4.96 million.
• CrowdStrike's latest quarterly earnings report showed an EPS of $0.93, exceeding estimates, with revenue growth of 21.4% year-over-year.
• Analysts have raised their target prices on CrowdStrike shares, with Wells Fargo setting a target of $550 and a consensus rating of "Moderate Buy".

Asio Capital LLC lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 42.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,736 shares of the company's stock after buying an additional 2,881 shares during the period. Asio Capital LLC's holdings in CrowdStrike were worth $4,959,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Patron Partners LLC boosted its holdings in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after purchasing an additional 22 shares in the last quarter. Real Talk Capital LLC grew its holdings in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after acquiring an additional 24 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares during the period. Close Asset Management Ltd boosted its stake in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its stake in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after purchasing an additional 25 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Daiwa Capital Markets lifted their target price on shares of CrowdStrike from $475.00 to $530.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. Cfra reissued a "hold" rating and set a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Truist Financial boosted their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Jefferies Financial Group upped their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, Susquehanna upped their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $484.95.

CrowdStrike Trading Up 0.6%

Shares of CRWD traded up $2.84 during trading on Wednesday, reaching $493.22. 394,276 shares of the company traded hands, compared to its average volume of 3,670,743. 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 cap of $123.78 billion, a PE ratio of -415.56, a price-to-earnings-growth ratio of 114.78 and a beta of 1.12. The stock has a 50-day simple moving average of $444.31 and a 200-day simple moving average of $437.34. CrowdStrike has a twelve month low of $274.86 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share 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 analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business's quarterly 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. On average, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,066 shares of company stock worth $55,809,043 over the last ninety days. 3.32% of the stock is currently owned by insiders.

About CrowdStrike

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.