Flputnam Investment Management Co. Raises Holdings in CrowdStrike $CRWD

Flputnam Investment Management Co. lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 181.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,092 shares of the company's stock after buying an additional 1,995 shares during the quarter. Flputnam Investment Management Co.'s holdings in CrowdStrike were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC grew its holdings in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC grew its holdings in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC grew its holdings in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the period. Finally, Vanguard Group Inc. grew its holdings in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Scotiabank dropped their price objective on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Thursday. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Thursday, August 28th. Wedbush restated a "buy" rating on shares of CrowdStrike in a research report on Thursday. Truist Financial restated a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group decreased their target price on CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday. Twenty-four equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $460.10.

CrowdStrike Trading Down 4.1%

CRWD opened at $423.70 on Tuesday. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98. The stock has a market capitalization of $105.61 billion, a price-to-earnings ratio of -356.05 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The business has a fifty day moving average price of $460.11 and a 200 day moving average price of $427.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the firm posted $1.04 EPS. The business's quarterly revenue 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. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the transaction, the director owned 774,761 shares in the company, valued at approximately $346,387,895.49. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the transaction, the director owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 188,164 shares of company stock worth $88,876,050 over the last quarter. 3.32% of the stock is owned by insiders.

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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