Horizon Investments LLC Has $3.25 Million Position in CrowdStrike $CRWD

Key Points

• Horizon Investments LLC has decreased its stake in CrowdStrike by 16.1%, holding 9,215 shares valued at approximately $3.25 million.
• Insider trading activity included CEO George Kurtz selling 42,267 shares for over $19 million, resulting in a 1.94% decrease in his ownership.
• CrowdStrike has received various analyst upgrades recently, with target price estimates now ranging from $510 to $555, reflecting a consensus rating of "Moderate Buy."

Horizon Investments LLC lessened its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,215 shares of the company's stock after selling 1,770 shares during the period. Horizon Investments LLC's holdings in CrowdStrike were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen LLC bought a new stake in CrowdStrike during the 1st quarter valued at $595,766,000. Jennison Associates LLC grew its stake in shares of CrowdStrike by 21.1% in the first 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 in the last quarter. GAMMA Investing LLC increased its holdings in shares of CrowdStrike by 50,536.2% during 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 increased its holdings in shares of CrowdStrike by 379.0% during 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. raised its stake in shares of CrowdStrike by 4.1% during 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 in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD traded up $0.57 during trading hours on Wednesday, hitting $419.17. 2,208,565 shares of the company were exchanged, compared to its average volume of 2,686,341. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $104.48 billion, a PE ratio of -607.49 and a beta of 1.13. The firm has a fifty day simple moving average of $469.89 and a 200-day simple moving average of $427.29. CrowdStrike has a one year low of $242.25 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 over the last 90 days. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRWD. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Jefferies Financial Group upped their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald boosted their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $460.81.

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.