Financial Connections Group Inc. Takes Position in CrowdStrike $CRWD

Key Points

• Financial Connections Group Inc. has acquired 746 shares of CrowdStrike, valued at approximately $379,000, marking a new investment in the cybersecurity firm during the second quarter.
• Multiple hedge funds, including Blue Trust Inc. and Bessemer Group Inc., have increased their holdings in CrowdStrike, indicating strong institutional interest with 71.16% of the company's stock now owned by institutional investors.
• Analysts are optimistic about CrowdStrike's growth, with significant price target increases from firms like Scotiabank and Wells Fargo, raising their price objectives to as high as $600.00.

Financial Connections Group Inc. bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 746 shares of the company's stock, valued at approximately $379,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after buying an additional 215 shares during the period. Bessemer Group Inc. boosted its holdings in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares during the period. Benchmark Investment Advisors LLC boosted its holdings in shares of CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after buying an additional 4,877 shares during the period. Finally, CX Institutional bought a new stake in shares of CrowdStrike during the 1st quarter worth about $175,000. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. Scotiabank raised shares of CrowdStrike from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $440.00 to $600.00 in a report on Thursday, September 25th. BTIG Research reissued a "buy" rating and issued a $489.00 price objective on shares of CrowdStrike in a report on Thursday, September 18th. DA Davidson boosted their price objective on shares of CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Needham & Company LLC boosted their price objective on shares of CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $493.33.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the transaction, the director owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,816 shares of company stock valued at $75,331,356 in the last quarter. 3.32% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $493.66 on Friday. The firm has a 50 day moving average of $450.04 and a 200-day moving average of $443.90. The stock has a market capitalization of $123.89 billion, a PE ratio of -414.84, a PEG ratio of 119.64 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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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