BridgePort Financial Solutions LLC Invests $432,000 in CrowdStrike $CRWD

Key Points

• BridgePort Financial Solutions LLC invested $432,000 in CrowdStrike by purchasing 848 shares, reflecting growing interest among institutional investors in the cybersecurity company.
• A significant portion of CrowdStrike's stock, approximately 71.16%, is owned by hedge funds, with notable increases in holdings reported by firms like Nuveen LLC and Jennison Associates LLC.
• Recent analyst ratings for CrowdStrike have varied, with 28 analysts issuing a "Buy" rating and target prices ranging from $440.00 to $550.00, indicating mixed sentiment in the market.

BridgePort Financial Solutions LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 848 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds have also bought and sold shares of CRWD. Nuveen LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC boosted its holdings in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CrowdStrike by 52.6% during the 1st 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 purchasing an additional 955,529 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of CrowdStrike by 39.9% in 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 in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $510.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. New Street Research set a $460.00 price objective on CrowdStrike in a report on Thursday, August 28th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $490.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. JMP Securities increased their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a report on Tuesday, September 23rd. Finally, DZ Bank cut shares of CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price objective on the stock. in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $487.11.

CrowdStrike Price Performance

CRWD opened at $489.88 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $122.94 billion, a PE ratio of -411.66, a price-to-earnings-growth ratio of 115.12 and a beta of 1.19. The stock's 50 day moving average price is $446.22 and its 200-day moving average price is $440.01. CrowdStrike has a 52-week low of $283.80 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.17 billion for 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 firm's revenue for the quarter 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, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 10,706 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the transaction, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,816 shares of company stock valued at $62,606,356 over the last ninety days. 3.32% of the stock is owned by corporate 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.

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