Bleakley Financial Group LLC Raises Stake in CrowdStrike $CRWD

Key Points

• Bleakley Financial Group LLC boosted its stake in CrowdStrike by 16.0% in the second quarter, owning 12,564 shares valued at approximately $6.4 million.
• Multiple institutional investors, including Brighton Jones LLC and GAMMA Investing LLC, have significantly increased their holdings in CrowdStrike, demonstrating strong institutional interest with over 71% of shares owned by such investors.
• Several analysts raised their price targets for CrowdStrike, with DJIWA Capital increasing it from $475.00 to $530.00, indicating positive sentiment among research firms regarding the stock's potential.

Bleakley Financial Group LLC increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,564 shares of the company's stock after buying an additional 1,737 shares during the quarter. Bleakley Financial Group LLC's holdings in CrowdStrike were worth $6,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. GAMMA Investing LLC grew its position in CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock worth $1,087,000 after purchasing an additional 936 shares during the period. Moran Wealth Management LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $289,000. Global Assets Advisory LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $272,000. Finally, Golden State Equity Partners lifted its holdings in shares of CrowdStrike by 3.5% in the 1st quarter. Golden State Equity Partners now owns 1,677 shares of the company's stock valued at $591,000 after buying an additional 56 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,762 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $482.41, for a total value of $850,006.42. Following the transaction, the chief accounting officer directly owned 37,255 shares of the company's stock, valued at approximately $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 17,830 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock valued at $75,500,649. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $521.98 on Friday. 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's 50 day simple moving average is $461.36 and its 200-day simple moving average is $452.92. The company has a market cap of $131.00 billion, a PE ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19. CrowdStrike has a 1-year low of $294.68 and a 1-year high of $522.43.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm's revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRWD shares. Evercore ISI lifted their price target on CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Daiwa Capital Markets boosted their target price on shares of CrowdStrike from $475.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. KeyCorp increased their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Finally, Stifel Nicolaus raised their price target on shares of CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $496.47.

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.

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