CrowdStrike $CRWD Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its stake in CrowdStrike shares by 107.4% during the 1st quarter, acquiring an additional 22,241 shares and bringing its total holdings to 42,950 shares valued at approximately $15.14 million.
• Several analysts have issued positive ratings for CrowdStrike, with Cantor Fitzgerald setting a price objective of $475.00, while the average target price among analysts is $460.10.
• Insider transactions revealed significant stock sales by directors, with Denis Oleary and Roxanne S. Austin selling a combined total of 30,680 shares for over $14.8 million, resulting in a notable decrease in their positions.

NewEdge Advisors LLC lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 107.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,950 shares of the company's stock after acquiring an additional 22,241 shares during the quarter. NewEdge Advisors LLC's holdings in CrowdStrike were worth $15,143,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. BMO Capital Markets set a $450.00 price objective on CrowdStrike in a research note on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, DZ Bank raised CrowdStrike from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $460.10.

CrowdStrike Trading Down 1.1%

CRWD stock traded down $4.55 during trading on Tuesday, reaching $423.51. 2,109,389 shares of the stock were exchanged, compared to its average volume of 3,700,819. The business has a 50 day moving average price of $451.94 and a 200-day moving average price of $426.29. CrowdStrike has a 1 year low of $242.25 and a 1 year 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 firm has a market capitalization of $106.28 billion, a price-to-earnings ratio of -355.89, a P/E/G ratio of 130.70 and a beta of 1.12.

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 firm 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 business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,734 shares of company stock worth $84,087,728. Corporate insiders own 3.32% of the company's stock.

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.