CrowdStrike $CRWD Stock Holdings Lifted by Allstate Corp

Key Points

• Allstate Corp increased its holdings in CrowdStrike by 33.9%, owning 9,206 shares valued at approximately $3.25 million as of the latest SEC filing.
• Numerous institutional investors have recently affected CrowdStrike's stock, with institutional ownership reaching 71.16% of the company.
• Equities research analysts have significantly raised their price targets for CrowdStrike, with a consensus rating of "Moderate Buy" and an average target price of approximately $460.81.

Allstate Corp increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 33.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,206 shares of the company's stock after buying an additional 2,329 shares during the period. Allstate Corp's holdings in CrowdStrike were worth $3,246,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CRWD shares. Stephens lifted their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and issued a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $520.00 to $530.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $460.81.

Insider Buying and Selling

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike 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 approximately $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 have sold 214,414 shares of company stock valued at $101,484,738 in the last three months. Insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $420.55 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $467.34 and its 200 day moving average price is $427.49. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The firm has a market cap of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share 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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