Ieq Capital LLC Raises Stock Position in CrowdStrike $CRWD

Key Points

• Ieq Capital LLC increased its holdings in CrowdStrike by 5.0%, acquiring an additional 28,514 shares, bringing its total ownership to about $209.8 million.
• Analysts have updated their ratings for CrowdStrike, with a consensus rating of "Moderate Buy" and a price target averaging around $464.37.
• Director Johanna Flower sold over $983,000 worth of CrowdStrike shares, while another director, Roxanne S. Austin, sold over $4.8 million in shares, reflecting substantial insider selling.

Ieq Capital LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 595,049 shares of the company's stock after purchasing an additional 28,514 shares during the period. CrowdStrike accounts for 1.7% of Ieq Capital LLC's investment portfolio, making the stock its 10th biggest holding. Ieq Capital LLC owned 0.24% of CrowdStrike worth $209,802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadcap Wealth Management LLC purchased a new position in CrowdStrike during the 1st quarter worth approximately $201,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in CrowdStrike during the first quarter worth about $12,199,000. Thematics Asset Management increased its stake in CrowdStrike by 4.2% during the first quarter. Thematics Asset Management now owns 105,384 shares of the company's stock valued at $37,156,000 after acquiring an additional 4,203 shares during the period. Apexium Financial LP grew its stake in CrowdStrike by 1.2% during the first quarter. Apexium Financial LP now owns 2,284 shares of the company's stock worth $805,000 after buying an additional 28 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of CrowdStrike by 2.6% during the first quarter. Comerica Bank now owns 58,616 shares of the company's stock worth $20,667,000 after purchasing an additional 1,483 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CRWD shares. Wedbush reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday. Stifel Nicolaus raised their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Cfra reaffirmed a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. BTIG Research dropped their target price on shares of CrowdStrike from $520.00 to $489.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Truist Financial reaffirmed a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Twenty-five investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $456.80.

Insider Activity

In other news, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the transaction, the director directly owned 774,761 shares in the company, valued at $346,387,895.49. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,414 shares of company stock worth $96,794,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $18.30 on Friday, reaching $423.70. 5,472,042 shares of the company's stock were exchanged, compared to its average volume of 3,738,971. The firm has a market cap of $105.61 billion, a price-to-earnings ratio of -356.05 and a beta of 1.13. 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 stock has a fifty day simple moving average of $462.52 and a 200-day simple moving average of $427.58. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (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 1.58%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $1.04 earnings per share. CrowdStrike'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. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

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.