Cadence Bank Makes New $514,000 Investment in CrowdStrike $CRWD

Key Points

• Cadence Bank has invested approximately $514,000 in CrowdStrike, acquiring 1,459 shares during the first quarter.
• Other institutional investors, including Vanguard Group and Goldman Sachs, have also recently increased their positions in CrowdStrike.
• CrowdStrike's stock performance shows a 52-week range of $242.25 to $517.98, and the company reported a quarterly revenue increase of 19.8% year-over-year.

Cadence Bank bought a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,459 shares of the company's stock, valued at approximately $514,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the last quarter. OLD National Bancorp IN purchased a new position in CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. lifted its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. CX Institutional purchased a new position in CrowdStrike during the first quarter worth about $175,000. Finally, Ritholtz Wealth Management lifted its position in CrowdStrike by 23.8% during the first quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock worth $1,348,000 after buying an additional 736 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 1.2%

NASDAQ CRWD traded up $5.01 on Wednesday, reaching $422.61. The stock had a trading volume of 6,551,757 shares, compared to its average volume of 3,668,054. The business has a 50 day moving average price of $464.64 and a 200 day moving average price of $427.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98. The company has a market capitalization of $105.34 billion, a price-to-earnings ratio of -612.48 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. On average, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the sale, the director owned 774,761 shares of the company's stock, valued at approximately $346,387,895.49. The trade was a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,414 shares of company stock worth $96,794,738 in the last 90 days. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRWD shares. Stephens increased their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer raised their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. JMP Securities reiterated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and set a $495.00 target price (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. Finally, Cfra reiterated a "hold" rating and set a $555.00 target price (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Twenty-six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $464.37.

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.