Chicago Capital LLC Purchases Shares of 782 CrowdStrike $CRWD

Key Points

• Chicago Capital LLC has purchased 782 shares of CrowdStrike, valued at approximately $398,000, marking a notable entry into the cybersecurity firm by an institutional investor.
• Insider trading was observed as CEO George Kurtz sold 17,830 shares, whereas Director Sameer K. Gandhi sold 6,250 shares, reflecting a combined value exceeding $11 million.
• Equities analysts remain bullish on CrowdStrike, with a current consensus rating of "Moderate Buy" and average target price adjustments bringing it to approximately $484.95.

Chicago Capital LLC bought a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 782 shares of the company's stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. Trivium Point Advisory LLC acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $238,000. Eagle Wealth Strategies LLC raised its position in CrowdStrike by 4.1% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 630 shares of the company's stock worth $321,000 after purchasing an additional 25 shares during the last quarter. Greenleaf Trust raised its position in CrowdStrike by 3.8% during the 2nd quarter. Greenleaf Trust now owns 3,594 shares of the company's stock worth $1,830,000 after purchasing an additional 131 shares during the last quarter. Mattern Wealth Management LLC acquired a new stake in CrowdStrike during the 2nd quarter worth about $252,000. Finally, HCR Wealth Advisors acquired a new stake in CrowdStrike during the 2nd quarter worth about $240,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,066 shares of company stock valued at $55,809,043 in the last quarter. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRWD shares. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Mizuho lifted their price target on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Needham & Company LLC boosted their target price on shares of CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Oppenheimer restated an "outperform" rating and set a $520.00 price target on shares of CrowdStrike in a research report on Thursday, August 28th. Finally, Cfra reiterated a "hold" rating and issued a $555.00 target price (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $484.95.

CrowdStrike Stock Up 0.6%

Shares of CRWD traded up $2.84 during mid-day trading on Wednesday, hitting $493.22. The company's stock had a trading volume of 394,276 shares, compared to its average volume of 3,670,743. CrowdStrike has a 52-week low of $274.86 and a 52-week high of $517.98. The company's 50-day moving average is $444.31 and its 200-day moving average is $437.34. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $123.78 billion, a price-to-earnings ratio of -415.56, a PEG ratio of 114.78 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. CrowdStrike'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 forecast 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.