Carnegie Investment Counsel Acquires 1,349 Shares of CrowdStrike $CRWD

Key Points

• Carnegie Investment Counsel boosted its stake in CrowdStrike (NASDAQ: CRWD) by 6.0%, buying 1,349 shares to hold 23,950 shares valued at about $11.23 million at quarter-end.
• The board increased its share buyback authorization by $500 million to $1.5 billion, signaling confidence, even as shares fell roughly 4% amid AI-competition fears tied to Anthropic; CrowdStrike also announced a partnership on Project Glasswing that may mitigate displacement concerns.
• Insiders sold a total of 68,636 shares recently (including CEO George Kurtz’s 28,853-share sale), while CrowdStrike slightly beat quarterly EPS estimates, reported 23.8% YoY revenue growth, and maintains a "Moderate Buy" analyst consensus with a ~$504.98 average target.

Carnegie Investment Counsel boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,950 shares of the company's stock after buying an additional 1,349 shares during the quarter. Carnegie Investment Counsel's holdings in CrowdStrike were worth $11,227,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. RFG Bristol Wealth Advisors LLC raised its holdings in CrowdStrike by 15.8% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 1,013 shares of the company's stock valued at $475,000 after buying an additional 138 shares during the last quarter. City Holding Co. raised its holdings in CrowdStrike by 16.9% in the 4th quarter. City Holding Co. now owns 8,502 shares of the company's stock valued at $3,985,000 after buying an additional 1,230 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in CrowdStrike by 1.5% during the 4th quarter. Venturi Wealth Management LLC now owns 5,010 shares of the company's stock worth $2,348,000 after purchasing an additional 76 shares during the last quarter. Apollon Financial LLC raised its holdings in CrowdStrike by 6.3% during the 4th quarter. Apollon Financial LLC now owns 627 shares of the company's stock worth $294,000 after purchasing an additional 37 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its holdings in CrowdStrike by 13.0% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,655 shares of the company's stock worth $776,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike News Summary

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: Board increased share buyback authorization by $500M (to $1.5B), signaling management confidence and supporting buyback-driven demand for shares. A $500 Million Reason to Buy CrowdStrike Stock Here
• Positive Sentiment: Partnership with Anthropic on Project Glasswing positions CrowdStrike as a key partner to secure the AI era — this collaboration dampens fears that Anthropic's AI products will simply displace incumbent security vendors. Anthropic's Project Glasswing Partners with CrowdStrike
• Positive Sentiment: High-profile endorsement: Jim Cramer publicly stated Anthropic “needs CrowdStrike,” a sentiment that helped calm some investor fears about competitive displacement. Jim Cramer Says “Anthropic Needs CrowdStrike, It Doesn’t Seek to Wipe It Out”
• Positive Sentiment: Acceleration in identity-security ARR and product traction suggests durable multi-product growth beyond endpoints, which supports longer-term revenue upside. Is Identity Security Becoming a Bigger Growth Driver for CrowdStrike?
• Neutral Sentiment: Analyst consensus still shows meaningful upside (roughly mid-teens vs. current levels), which can attract buyers at lower prices even as short-term volatility persists. CrowdStrike (CRWD) Falls, But Here’s Why Wall Street Sees 15% Upside
• Neutral Sentiment: Reported short interest data shows effectively zero days-to-cover in the latest snapshot, indicating short interest is not a current driver of volatility (no link available).
• Negative Sentiment: Anthropic’s launch of “Claude Code Security” and broader AI-driven security offerings spooked investors, triggering a “SaaS-pocalypse” style sell-off across enterprise software names, including CrowdStrike. The “SaaS-Pocalypse” Continues: Cloudflare, ServiceNow, CrowdStrike Under Fire
• Negative Sentiment: Recent headlines and market updates reported sharp intraday declines and persistent selling pressure as macro/AI fears weighed on sentiment, contributing to today’s down move. CrowdStrike Holdings (CRWD) Stock Sinks As Market Gains

CrowdStrike Trading Down 4.0%

Shares of CRWD opened at $379.02 on Friday. The firm's 50 day simple moving average is $406.36 and its 200 day simple moving average is $464.33. The company has a market capitalization of $96.12 billion, a P/E ratio of -512.18, a P/E/G ratio of 16.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. CrowdStrike has a 1-year low of $342.72 and a 1-year high of $566.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The business's quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike declared that its board has authorized a share buyback plan on Monday, April 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the transaction, the director owned 76,082 shares of the company's stock, valued at approximately $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO George Kurtz sold 28,853 shares of the firm's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares of the company's stock, valued at $848,695,075.02. This represents a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 68,636 shares of company stock valued at $28,690,657 over the last three months. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRWD. Macquarie Infrastructure restated a "neutral" rating and set a $485.00 price target on shares of CrowdStrike in a report on Tuesday, January 27th. Needham & Company LLC lowered their price objective on shares of CrowdStrike from $575.00 to $475.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. DZ Bank upgraded shares of CrowdStrike from a "sell" rating to a "buy" rating and set a $490.00 price objective for the company in a research note on Wednesday, March 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of CrowdStrike in a research report on Monday, December 29th. Finally, Truist Financial cut their price objective on shares of CrowdStrike from $600.00 to $550.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $504.98.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc NASDAQ: CRWD is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company's core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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