Golden State Equity Partners Acquires 661 Shares of CrowdStrike $CRWD

Key Points

• Golden State Equity Partners increased its stake in CrowdStrike by 39.4%, acquiring an additional 661 shares, bringing its total holdings to 2,338 shares valued at approximately $1.19 million.
• Several hedge funds, including CRA Financial Services and IronOak Wealth, have recently adjusted their positions in CrowdStrike, which is now held 71.16% by institutional investors.
• Analyst reports are optimistic, with Barclays and KeyCorp raising their price targets and maintaining an "overweight" rating, suggesting a positive outlook for CrowdStrike's stock performance.

Golden State Equity Partners boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,338 shares of the company's stock after acquiring an additional 661 shares during the quarter. Golden State Equity Partners' holdings in CrowdStrike were worth $1,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 buying an additional 908,554 shares in the last quarter. Jennison Associates LLC boosted its position 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 buying an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after buying an additional 955,529 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares in the last quarter. Finally, Invesco Ltd. boosted its position in CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after buying an additional 352,473 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.9%

NASDAQ CRWD traded down $9.41 during trading hours on Monday, hitting $493.14. The company's stock had a trading volume of 3,872,883 shares, compared to its average volume of 3,994,004. CrowdStrike has a twelve month low of $272.67 and a twelve month high of $517.98. 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 firm has a market capitalization of $123.76 billion, a P/E ratio of -414.40, a PEG ratio of 120.33 and a beta of 1.12. The stock has a fifty day moving average of $443.28 and a 200 day moving average of $431.86.

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. 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The business's quarterly revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities research analysts forecast that CrowdStrike will post 0.55 earnings per share 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 transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,741 shares of company stock valued at $47,456,437 over the last three months. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Stephens boosted 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. Cfra reiterated a "hold" rating and set a $555.00 target price (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Barclays upped their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday. Capital One Financial upped their target price on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Oppenheimer reiterated an "outperform" rating and set a $520.00 target price on shares of CrowdStrike in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $476.41.

CrowdStrike Company 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.