Corient IA LLC Makes New $529,000 Investment in CrowdStrike $CRWD

Key Points

• Corient IA LLC acquired a new stake in CrowdStrike, purchasing 1,500 shares valued at approximately $529,000 in the first quarter.
• Multiple hedge funds, such as Cloud Capital Management and E Fund Management Hong Kong, have recently increased or established positions in CrowdStrike.
• Analysts have a consensus rating of "Moderate Buy" for CrowdStrike, with price targets ranging from $461.17 to as high as $540.00.

Corient IA LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,500 shares of the company's stock, valued at approximately $529,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC grew its position in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Goldman Sachs Group Inc. grew its position in CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after buying an additional 760,222 shares in the last quarter. Invesco Ltd. grew its position in CrowdStrike by 16.4% during the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock worth $883,713,000 after buying an additional 352,473 shares in the last quarter. Finally, Northern Trust Corp grew its position in CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after buying an additional 324,136 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares of the company's stock, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 over the last three months. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRWD shares. Evercore ISI reduced their price target on CrowdStrike from $440.00 to $425.00 and set an "in-line" rating on the stock in a research report on Monday. Cfra reissued a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Scotiabank lifted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, UBS Group restated a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $460.81.

CrowdStrike Trading Down 1.2%

Shares of CRWD traded down $5.1370 during trading hours on Thursday, reaching $414.0330. 767,166 shares of the company traded hands, compared to its average volume of 3,676,167. The company's fifty day moving average price is $469.89 and its two-hundred day moving average price is $427.29. The company has a market capitalization of $103.20 billion, a price-to-earnings ratio of -599.92 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. Equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.