Ethic Inc. Grows Stake in CrowdStrike $CRWD

Key Points

• Ethic Inc. increased its stake in CrowdStrike by 6.0%, acquiring an additional 1,192 shares, bringing their total holdings to 21,073 shares worth approximately $7.6 million.
• Analyst ratings for CrowdStrike show a consensus of "Moderate Buy" with a target price of $461.17, although DZ Bank has downgraded the stock to a "strong sell" with a price target of $370.00.
• Insider trading activity reported significant sales, with CFO Burt W. Podbere selling 11,883 shares, decreasing his ownership by 4.89%, indicating potential concern over future performance.

Ethic Inc. boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,073 shares of the company's stock after acquiring an additional 1,192 shares during the period. Ethic Inc.'s holdings in CrowdStrike were worth $7,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of CrowdStrike by 4.1% in the first quarter. EverSource Wealth Advisors LLC now owns 17,364 shares of the company's stock valued at $6,122,000 after purchasing an additional 679 shares during the period. Aberdeen Group plc raised its holdings in CrowdStrike by 114.6% during the 1st quarter. Aberdeen Group plc now owns 140,223 shares of the company's stock valued at $48,684,000 after acquiring an additional 74,882 shares during the period. Liontrust Investment Partners LLP lifted its position in shares of CrowdStrike by 48.8% during the first quarter. Liontrust Investment Partners LLP now owns 53,682 shares of the company's stock worth $18,927,000 after acquiring an additional 17,613 shares in the last quarter. Seaview Investment Managers LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $220,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of CrowdStrike during the 1st quarter valued at $33,563,000. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CRWD. Wedbush raised their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target on the stock. in a report on Friday, June 6th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Twenty-six investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $460.81.

CrowdStrike Price Performance

Shares of CRWD stock traded up $0.57 during trading hours on Wednesday, hitting $419.17. 2,208,565 shares of the company's stock were exchanged, compared to its average volume of 2,686,341. The company has a market capitalization of $104.48 billion, a PE ratio of -607.49 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98. The business's 50 day simple moving average is $469.89 and its 200-day simple moving average is $427.29.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm'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. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike 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 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 sold a total of 214,414 shares of company stock worth $101,484,738 over the last three months. 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.