Childress Capital Advisors LLC Invests $328,000 in CrowdStrike $CRWD

Key Points

• Childress Capital Advisors LLC has invested approximately $328,000 in CrowdStrike (NASDAQ: CRWD) by acquiring 644 shares during the second quarter, as per SEC filings.
• Insider sales have been significant, with CEO George Kurtz selling 17,830 shares for about $8.82 million, indicating a 0.84% decrease in his ownership.
• CrowdStrike's quarterly earnings exceeded expectations, reporting $1.17 billion in revenue, a 21.4% increase compared to the prior year, and an earnings per share of $0.93.

Childress Capital Advisors LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 644 shares of the company's stock, valued at approximately $328,000.

Other hedge funds 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 worth $447,000 after buying an additional 215 shares during the period. OLD National Bancorp IN acquired a new stake in CrowdStrike in the first quarter valued at about $248,000. Bessemer Group Inc. lifted its position in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. lifted its position in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after purchasing an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC lifted its position in CrowdStrike by 90.8% in the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after purchasing an additional 4,877 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's 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 sale, the director directly owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,816 shares of company stock worth $52,606,356. 3.32% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $499.96 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a fifty-two week low of $274.86 and a fifty-two week high of $517.98. The firm has a 50-day simple moving average of $445.08 and a 200 day simple moving average of $437.78. The company has a market cap of $125.47 billion, a PE ratio of -420.13, a P/E/G ratio of 115.24 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The company'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, sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent analyst reports. Piper Sandler reduced their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research report on Thursday, August 28th. Morgan Stanley raised their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday, September 18th. JMP Securities raised their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a research report on Tuesday, September 23rd. Bank of America restated a "neutral" rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Sanford C. Bernstein reduced their price target on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $484.95.

CrowdStrike 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.