Gateway Investment Advisers LLC Lowers Position in CrowdStrike $CRWD

Gateway Investment Advisers LLC lowered its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,953 shares of the company's stock after selling 1,938 shares during the period. Gateway Investment Advisers LLC's holdings in CrowdStrike were worth $17,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares in the last quarter. OLD National Bancorp IN purchased a new stake in CrowdStrike during the first quarter valued at about $248,000. Bessemer Group Inc. raised its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after acquiring an additional 5,998 shares in the last quarter. Finally, Benchmark Investment Advisors LLC raised its stake in shares of CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after acquiring an additional 4,877 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 0.0%

Shares of NASDAQ CRWD opened at $444.98 on Wednesday. The firm's 50-day moving average price is $443.51 and its 200-day moving average price is $427.99. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $111.67 billion, a price-to-earnings ratio of -373.93, a P/E/G ratio of 139.20 and a beta of 1.12. CrowdStrike has a 12-month low of $263.45 and a 12-month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company'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. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,734 shares of company stock worth $67,337,728 in the last ninety days. Corporate insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CRWD shares. BMO Capital Markets set a $450.00 price target on shares of CrowdStrike in a research note on Thursday, August 28th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. New Street Research set a $460.00 price target on CrowdStrike in a report on Thursday, August 28th. Jefferies Financial Group reduced their target price on CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Finally, UBS Group reduced their target price on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $460.10.

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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