CrowdStrike $CRWD Shares Bought by City Holding Co.

Key Points

• City Holding Co. increased its stake in CrowdStrike by 20.9% during the second quarter, now holding shares worth approximately $2.977 million.
• Multiple institutional investors adjusted their positions in CrowdStrike, with 71.16% of the company's stock owned by these entities.
• Several analysts have upgraded CrowdStrike's stock ratings recently, with average price targets reaching as high as $550 and a current consensus rating of "Moderate Buy."

City Holding Co. raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 20.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,845 shares of the company's stock after acquiring an additional 1,010 shares during the period. City Holding Co.'s holdings in CrowdStrike were worth $2,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grandview Asset Management LLC increased its holdings in CrowdStrike by 1.0% during the 2nd quarter. Grandview Asset Management LLC now owns 13,513 shares of the company's stock valued at $6,882,000 after acquiring an additional 140 shares in the last quarter. Tritonpoint Wealth LLC grew its holdings in shares of CrowdStrike by 7.3% during the second quarter. Tritonpoint Wealth LLC now owns 789 shares of the company's stock worth $402,000 after buying an additional 54 shares in the last quarter. Sonora Investment Management Group LLC grew its holdings in CrowdStrike by 4.5% in the second quarter. Sonora Investment Management Group LLC now owns 1,933 shares of the company's stock valued at $984,000 after purchasing an additional 83 shares during the period. Guyasuta Investment Advisors Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $216,000. Finally, Avior Wealth Management LLC lifted its position in CrowdStrike by 12.1% during the second quarter. Avior Wealth Management LLC now owns 1,893 shares of the company's stock valued at $964,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reduced their price target on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. JMP Securities upped their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a report on Tuesday, September 23rd. Zacks Research upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Truist Financial upped their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, DA Davidson upped their price objective on shares of CrowdStrike from $490.00 to $515.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $483.79.

Insider Buying and Selling

In related news, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the transaction, the chief executive officer directly owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,066 shares of company stock valued at $60,934,078 in the last ninety days. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.8%

Shares of CRWD stock opened at $481.42 on Friday. CrowdStrike has a 12 month low of $272.67 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 business's 50 day moving average is $443.79 and its two-hundred day moving average is $435.31. The company has a market cap of $120.81 billion, a PE ratio of -404.55, a price-to-earnings-growth ratio of 113.13 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data 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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the business earned $1.04 earnings per share. CrowdStrike'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. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current 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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