CrowdStrike $CRWD Shares Bought by Ascent Group LLC

Key Points

• Ascent Group LLC increased its stake in CrowdStrike by 84.9% during Q2, owning a total of 8,374 shares worth approximately $4.27 million as of its latest SEC filing.
• CEO George Kurtz sold 17,830 shares at an average price of $494.53, reducing his ownership by about 0.84% but still maintaining over 2.1 million shares valued at over $1 billion.
• Analyst sentiments vary, with one rating the stock as "Strong Buy" while others give a mix of "Buy" and "Sell," resulting in an average price target of $487.11 for CrowdStrike shares.

Ascent Group LLC raised its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 84.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,374 shares of the company's stock after acquiring an additional 3,846 shares during the period. Ascent Group LLC's holdings in CrowdStrike were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of 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 shares of CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. boosted its stake in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC boosted its stake in shares of CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after buying an additional 4,877 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 17,830 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the sale, the chief executive officer directly owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,816 shares of company stock valued at $62,606,356. Corporate insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CRWD shares. Weiss Ratings reiterated a "sell (d)" rating on shares of CrowdStrike in a research note on Saturday, September 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $510.00 price target on shares of CrowdStrike in a report on Thursday, September 18th. Barclays increased their price target on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. Scotiabank raised shares of CrowdStrike from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $440.00 to $600.00 in a report on Thursday, September 25th. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $487.11.

CrowdStrike Trading Down 1.4%

Shares of CrowdStrike stock opened at $489.88 on Friday. CrowdStrike has a 12-month low of $283.80 and a 12-month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $122.94 billion, a PE ratio of -411.66, a price-to-earnings-growth ratio of 116.74 and a beta of 1.19. The company has a 50-day moving average of $446.22 and a two-hundred day moving average of $439.56.

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 the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior 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. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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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