Cunning Capital Partners LP Buys Shares of 4,200 CrowdStrike $CRWD

Key Points

• Cunning Capital Partners LP has recently acquired a new stake in CrowdStrike, purchasing 4,200 shares valued at approximately $1,481,000 during the first quarter.
• Several hedge funds have increased their investments in CrowdStrike, with Nuveen LLC acquiring a new position valued at $595,766,000 and Jennison Associates boosting its holdings by 21.1%.
• CrowdStrike reported earnings of $0.73 per share, surpassing the consensus estimate of $0.66, alongside a 19.8% year-over-year revenue increase.

Cunning Capital Partners LP bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,200 shares of the company's stock, valued at approximately $1,481,000.

Several other hedge funds have also made changes to their positions in the business. Nuveen LLC acquired a new position in CrowdStrike in the first quarter valued at $595,766,000. Jennison Associates LLC boosted its holdings in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC boosted its holdings in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $414.06 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 has a 50 day moving average of $468.54 and a two-hundred day moving average of $427.40. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The company has a market cap of $103.20 billion, a P/E ratio of -600.09 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The business's revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. 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, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on 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 transaction, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRWD shares. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Raymond James Financial restated an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Mizuho lifted their target price on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Scotiabank lifted their target price on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.81.

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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