Chevy Chase Trust Holdings LLC Purchases 62,112 Shares of CrowdStrike $CRWD

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in CrowdStrike by 33.3% during the 2nd quarter, acquiring an additional 62,112 shares and owning a total of 248,546 shares.
• Institutional investors collectively hold 71.16% of CrowdStrike's stock, with notable increases in ownership from several firms during recent quarters.
• Despite a 21.4% increase in quarterly revenue compared to the previous year, CrowdStrike's stock showed a 1.4% decline on a recent trading day.

Chevy Chase Trust Holdings LLC boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 33.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,546 shares of the company's stock after buying an additional 62,112 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.10% of CrowdStrike worth $126,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Bessemer Group Inc. raised its position in shares of 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 acquiring an additional 98 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of CrowdStrike during the second quarter worth $397,000. Finally, Pegasus Asset Management Inc. increased its holdings in CrowdStrike by 3.4% in the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company's stock valued at $1,238,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,743 shares of company stock valued at $74,348,319. 3.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRWD. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a report on Thursday, September 18th. Jefferies Financial Group upped their price objective on CrowdStrike from $500.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. BTIG Research reiterated a "buy" rating and issued a $489.00 price objective on shares of CrowdStrike in a report on Thursday, September 18th. BMO Capital Markets increased their price target on CrowdStrike from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Finally, Stifel Nicolaus increased their price target on CrowdStrike from $495.00 to $515.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $494.02.

CrowdStrike Stock Down 1.4%

NASDAQ:CRWD opened at $482.23 on Friday. The stock has a 50-day simple moving average of $453.95 and a 200 day simple moving average of $447.49. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $517.98. 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 company has a market cap of $121.02 billion, a PE ratio of -405.23, a PEG ratio of 114.92 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the firm 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, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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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