Clifford Swan Investment Counsel LLC Takes $261,000 Position in CrowdStrike $CRWD

Key Points

• Clifford Swan Investment Counsel LLC has purchased a new position of $261,000 in CrowdStrike during the 2nd quarter, acquiring 512 shares of the stock.
• Insider transactions reveal CFO Burt W. Podbere and CEO George Kurtz sold significant amounts of stock, with Podbere selling 11,883 shares and Kurtz selling 42,267 shares, both on August 5th.
• Multiple analysts have raised their price targets for CrowdStrike, with key revisions setting targets as high as $535.00, reflecting strong investor confidence and a consensus rating of "Moderate Buy."

Clifford Swan Investment Counsel LLC purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 512 shares of the company's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. GAMMA Investing LLC lifted its stake in CrowdStrike by 43.6% in the first quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock valued at $1,087,000 after buying an additional 936 shares in the last quarter. Moran Wealth Management LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $289,000. Global Assets Advisory LLC acquired a new stake in shares of CrowdStrike during the first quarter worth $272,000. Finally, Golden State Equity Partners lifted its position in CrowdStrike by 3.5% in the 1st quarter. Golden State Equity Partners now owns 1,677 shares of the company's stock valued at $591,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,090 shares of company stock valued at $75,500,649 over the last quarter. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRWD shares. KeyCorp lifted their price target on CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Cantor Fitzgerald upped their price objective on CrowdStrike from $475.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. The Goldman Sachs Group lifted their target price on CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a research report on Friday, September 19th. DA Davidson boosted their target price on CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Finally, Cfra reaffirmed a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $496.47.

CrowdStrike Stock Up 4.4%

NASDAQ:CRWD opened at $521.98 on Friday. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $522.43. The firm has a market capitalization of $131.00 billion, a price-to-earnings ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average price is $461.36 and its two-hundred day moving average price is $452.92.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm's revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.

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