Fortis Capital Advisors LLC Boosts Stake in CrowdStrike $CRWD

Fortis Capital Advisors LLC increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 58.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,678 shares of the company's stock after purchasing an additional 1,718 shares during the period. Fortis Capital Advisors LLC's holdings in CrowdStrike were worth $2,383,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CRWD. Nuveen LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $595,766,000. Jennison Associates LLC boosted its position in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CrowdStrike by 52.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after purchasing an additional 955,529 shares during the period. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $489.88 on Friday. The company's fifty day moving average price is $446.22 and its 200 day moving average price is $439.56. CrowdStrike has a 12 month low of $283.80 and a 12 month high of $517.98. 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 firm has a market capitalization of $122.94 billion, a P/E ratio of -411.66, a P/E/G ratio of 116.74 and a beta of 1.19.

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

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial raised their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Weiss Ratings reissued a "sell (d)" rating on shares of CrowdStrike in a research report on Saturday, September 27th. Stephens raised their price target on shares of CrowdStrike from $510.00 to $525.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Finally, TD Cowen raised their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $487.11.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% 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, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer owned 220,424 shares in the company, valued at approximately $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,816 shares of company stock worth $62,606,356 over the last three months. Company insiders own 3.32% of the company's stock.

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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