CrowdStrike $CRWD Shares Purchased by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in CrowdStrike by 6.9% during Q2, owning 22,525 shares valued at approximately $11.25 million at quarter-end.
• Insider trading activity included CFO Burt Podbere selling 10,706 shares for over $5.3 million, and CEO George Kurtz selling 17,830 shares for nearly $8.8 million on the same day.
• CrowdStrike reported $1.17 billion in revenue for the last quarter, exceeding expectations, and management set FY 2026 guidance for EPS between 3.600 and 3.720.

Ethic Inc. boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,525 shares of the company's stock after buying an additional 1,452 shares during the quarter. Ethic Inc.'s holdings in CrowdStrike were worth $11,247,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CRWD. Bessemer Group Inc. raised its position in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of CrowdStrike during the second quarter valued at approximately $397,000. Pegasus Asset Management Inc. raised its position in shares of CrowdStrike by 3.4% during the 2nd quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company's stock worth $1,238,000 after purchasing an additional 79 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $899,000. 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 10,706 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares in the company, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 17,830 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the sale, the chief executive officer owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $499.48 on Wednesday. The stock has a market capitalization of $125.35 billion, a P/E ratio of -419.44, a P/E/G ratio of 118.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The business's fifty day moving average is $458.06 and its two-hundred day moving average is $451.22. CrowdStrike has a 1 year low of $294.68 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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 forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CRWD. Needham & Company LLC raised their target price on CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Piper Sandler lowered their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. TD Cowen increased their price target on CrowdStrike from $500.00 to $580.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. KeyCorp increased their target price on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Finally, Stifel Nicolaus boosted their price target on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $496.47.

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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