Comerica Bank Buys 1,483 Shares of CrowdStrike $CRWD

Key Points

• Comerica Bank has increased its position in CrowdStrike (NASDAQ:CRWD) by 2.6% in the first quarter, now owning 58,616 shares valued at approximately $20.67 million.
• Analysts have generally positive views on CrowdStrike, with several firms raising their price targets, including Needham & Company lifting their target to $530 and Rosenblatt Securities increasing theirs to $515.
• Insider selling has occurred recently, with Director Sameer K. Gandhi selling 6,250 shares and Director Roxanne S. Austin selling 9,447 shares, representing decreases in their stakes.

Comerica Bank boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,616 shares of the company's stock after purchasing an additional 1,483 shares during the period. Comerica Bank's holdings in CrowdStrike were worth $20,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in CrowdStrike in the 1st quarter valued at $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,414 shares of company stock worth $96,794,738. 3.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Roth Capital increased their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. The Goldman Sachs Group increased their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Macquarie began coverage on CrowdStrike in a research report on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective for the company. Finally, Rosenblatt Securities cut their price objective on CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a report on Thursday. Twenty-six investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $455.10.

CrowdStrike Trading Up 4.6%

Shares of CrowdStrike stock traded up $19.39 during trading on Thursday, hitting $442.00. The company's stock had a trading volume of 9,947,581 shares, compared to its average volume of 3,728,211. The stock has a 50-day moving average price of $463.39 and a two-hundred day moving average price of $427.49. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The stock has a market cap of $110.17 billion, a price-to-earnings ratio of -640.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. 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 anticipate that CrowdStrike will post 0.55 EPS 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.