Herbst Group LLC Grows Stock Position in CrowdStrike $CRWD

Key Points

• Herbst Group LLC increased its stake in CrowdStrike by 13.2% during Q2, owning 9,443 shares valued at $4.8 million, making it the firm's 11th largest investment.
• Various institutional investors, including Blue Trust Inc. and Geneos Wealth Management Inc., have also significantly increased their positions in CrowdStrike in the past quarter.
• Arecent report indicates that CrowdStrike’s stock has a consensus price target of $480.07, with multiple analysts rating it as a "Moderate Buy."

Herbst Group LLC grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,443 shares of the company's stock after purchasing an additional 1,104 shares during the period. CrowdStrike makes up about 2.9% of Herbst Group LLC's investment portfolio, making the stock its 11th largest position. Herbst Group LLC's holdings in CrowdStrike were worth $4,809,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in CrowdStrike by 20.4% in 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 in the last quarter. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. increased its position in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after acquiring an additional 98 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of CrowdStrike by 33.2% in 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 boosted its holdings in CrowdStrike by 90.8% in the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after purchasing an additional 4,877 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRWD shares. New Street Research set a $460.00 price objective on CrowdStrike in a report on Thursday, August 28th. Oppenheimer reissued an "outperform" rating and set a $520.00 price target on shares of CrowdStrike in a research report on Thursday, August 28th. Capital One Financial lifted their price target on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Finally, Barclays raised their price objective on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $480.07.

CrowdStrike Stock Down 1.6%

CRWD stock opened at $476.33 on Thursday. The firm has a market cap of $119.54 billion, a price-to-earnings ratio of -400.27, a PEG ratio of 113.76 and a beta of 1.12. CrowdStrike has a 1-year low of $272.67 and a 1-year high of $517.98. The firm has a fifty day moving average price of $443.62 and a two-hundred day moving average price of $432.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $1.04 EPS. The company's revenue for the quarter 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. Research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, President Michael Sentonas sold 11,561 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the transaction, the president owned 399,116 shares in the company, valued at $197,837,810.04. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,066 shares of company stock valued at $60,934,078 over the last 90 days. 3.32% of the stock is owned by corporate insiders.

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.

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