D.A. Davidson & CO. Raises Holdings in CrowdStrike $CRWD

D.A. Davidson & CO. increased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,461 shares of the company's stock after buying an additional 2,771 shares during the quarter. D.A. Davidson & CO.'s holdings in CrowdStrike were worth $22,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised its position in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. Vision Financial Markets LLC purchased a new position in CrowdStrike in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in CrowdStrike by 305.3% in the first 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 purchased a new position in CrowdStrike in the first quarter valued at about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Scotiabank raised CrowdStrike from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $440.00 to $600.00 in a research report on Thursday, September 25th. Bank of America raised their price objective on CrowdStrike from $470.00 to $535.00 and gave the company a "neutral" rating in a research report on Monday. Capital One Financial raised their price objective on CrowdStrike from $495.00 to $519.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Piper Sandler lowered their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Finally, Wells Fargo & Company raised their target price on CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $496.47.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, 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 a total of 158,090 shares of company stock valued at $75,500,649 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 0.1%

Shares of CrowdStrike stock opened at $503.95 on Wednesday. The company has a market capitalization of $126.47 billion, a PE ratio of -423.48, a P/E/G ratio of 118.34 and a beta of 1.19. CrowdStrike has a 1-year low of $294.68 and a 1-year high of $517.98. The business has a 50-day moving average of $458.06 and a 200-day moving average of $451.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

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

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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