Curi RMB Capital LLC Increases Stock Position in CrowdStrike $CRWD

Key Points

• Curi RMB Capital LLC increased its stake in CrowdStrike by 35.8% during the first quarter, owning 49,939 shares valued at $17.61 million.
• Insider activity includes Director Roxanne S. Austin selling 9,447 shares for over $4.84 million, significantly reducing her ownership by 33.38%.
• CrowdStrike's recent quarter earnings showed 21.4% revenue growth year-over-year, reporting $1.17 billion in revenue and exceeding earnings estimates.

Curi RMB Capital LLC raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 35.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,939 shares of the company's stock after purchasing an additional 13,173 shares during the quarter. Curi RMB Capital LLC's holdings in CrowdStrike were worth $17,608,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after acquiring an additional 2,417 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of CrowdStrike by 30.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 915 shares of the company's stock worth $313,000 after acquiring an additional 215 shares during the period. Baird Financial Group Inc. increased its stake in shares of CrowdStrike by 50.8% during the fourth quarter. Baird Financial Group Inc. now owns 40,316 shares of the company's stock worth $13,795,000 after acquiring an additional 13,576 shares during the period. Captrust Financial Advisors increased its stake in shares of CrowdStrike by 2.7% during the fourth quarter. Captrust Financial Advisors now owns 55,654 shares of the company's stock worth $19,043,000 after acquiring an additional 1,450 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of CrowdStrike by 1.5% during the fourth quarter. Cetera Investment Advisers now owns 158,584 shares of the company's stock worth $54,261,000 after acquiring an additional 2,352 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the 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 sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, 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. Insiders have sold a total of 188,164 shares of company stock valued at $88,876,050 in the last ninety days. 3.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Susquehanna boosted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Morgan Stanley reduced their price target on shares of CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $460.10.

CrowdStrike Trading Up 1.3%

Shares of NASDAQ:CRWD traded up $5.17 during trading on Friday, reaching $417.63. The stock had a trading volume of 2,167,665 shares, compared to its average volume of 3,303,641. The business has a fifty day moving average price of $453.56 and a 200-day moving average price of $426.21. 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 stock has a market cap of $104.09 billion, a P/E ratio of -350.95, a PEG ratio of 130.70 and a beta of 1.12. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $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. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.