CrowdStrike $CRWD Shares Acquired by IFP Advisors Inc

Key Points

• IFP Advisors Inc increased its stake in CrowdStrike by 12.5% during Q2, acquiring an additional 1,919 shares, bringing their total holdings to 17,233 shares valued at approximately $8.8 million.
• CFO Burt W. Podbere and CEO George Kurtz both sold significant amounts of stock on August 5th, reducing their ownership by 4.89% and 1.94%, respectively.
• Several analysts have recently upgraded their price targets for CrowdStrike, with Goldman Sachs raising its target from $492 to $535 and Needham & Company LLC from $475 to $535, reflecting growing confidence in the company's prospects.

IFP Advisors Inc lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,233 shares of the company's stock after acquiring an additional 1,919 shares during the quarter. IFP Advisors Inc's holdings in CrowdStrike were worth $8,777,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Patron Partners LLC increased its holdings in shares of CrowdStrike by 2.1% during the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after purchasing an additional 22 shares during the period. Real Talk Capital LLC increased its holdings in shares of CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after purchasing an additional 24 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd boosted its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of the company'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 transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,816 shares of company stock valued at $62,606,356 in the last three months. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Morgan Stanley lifted their target price 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. Needham & Company LLC lifted their target price on shares of CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Stephens lifted their target price on shares of CrowdStrike from $525.00 to $590.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $493.33.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $509.13 on Friday. The firm has a market cap of $127.77 billion, a PE ratio of -427.84, a price-to-earnings-growth ratio of 119.83 and a beta of 1.19. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. 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 company's 50-day moving average price is $449.10 and its two-hundred day moving average price is $443.15.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $1.04 earnings per share. 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, equities analysts anticipate that CrowdStrike will post 0.55 EPS 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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