Fifth Third Bancorp Has $44.88 Million Stake in CrowdStrike $CRWD

Key Points

• Fifth Third Bancorp increased its stake in CrowdStrike by 29.1%, acquiring an additional 19,872 shares, bringing its total holdings to 88,113 shares valued at approximately $44.9 million.
• CrowdStrike reported quarterly earnings of $0.93 per share, surpassing analysts' expectations of $0.83, with a revenue of $1.17 billion—up 21.4% year-over-year.
• A number of institutional investors have recently adjusted their holdings, with 71.16% of CrowdStrike’s stock currently owned by hedge funds and other institutional investors.

Fifth Third Bancorp grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 29.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,113 shares of the company's stock after purchasing an additional 19,872 shares during the quarter. Fifth Third Bancorp's holdings in CrowdStrike were worth $44,877,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of 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 buying an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the 1st quarter worth about $30,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRWD shares. Stifel Nicolaus boosted their price objective on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Wells Fargo & Company set a $600.00 price objective on CrowdStrike and gave the company an "overweight" rating in a research report on Wednesday. Macquarie boosted their target price on CrowdStrike from $465.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. JMP Securities upped their price objective on CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a research note on Tuesday, September 23rd. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $490.00 price objective on shares of CrowdStrike in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $484.95.

CrowdStrike Trading Up 0.5%

Shares of CRWD stock traded up $2.34 during mid-day trading on Wednesday, reaching $492.72. 394,276 shares of the stock traded hands, compared to its average volume of 3,670,743. The stock's fifty day simple moving average is $444.31 and its two-hundred day simple moving average is $437.34. 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 company has a market cap of $123.65 billion, a price-to-earnings ratio of -415.56, a price-to-earnings-growth ratio of 114.78 and a beta of 1.12. CrowdStrike has a 1-year low of $274.86 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous 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. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the business's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares of the company's stock, valued at approximately $109,257,564.08. The trade was a 4.63% 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, President Michael Sentonas sold 11,561 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.69, for a total value of $5,730,672.09. Following the sale, the president owned 399,116 shares in the company, valued at approximately $197,837,810.04. The trade was a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,066 shares of company stock valued at $55,809,043 in the last 90 days. Company 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.