Kingstone Capital Partners Texas LLC Makes New Investment in CrowdStrike $CRWD

Key Points

• Kingstone Capital Partners Texas LLC purchased 223,890 shares of CrowdStrike, valued at approximately $114 million, marking a new investment in the company.
• Analysts have generally rated CrowdStrike positively, with many issuing a buy rating and raising price targets, reflecting confidence in the stock's performance.
• CrowdStrike reported earnings of $0.93 per share, beating expectations, and has forecasted earnings growth for FY 2026, alongside a revenue increase of 21.4% year-over-year.

Kingstone Capital Partners Texas LLC bought a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 223,890 shares of the company's stock, valued at approximately $114,029,000. Kingstone Capital Partners Texas LLC owned 0.09% of CrowdStrike at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. IFM Investors Pty Ltd raised its position in shares of CrowdStrike by 3.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 48,311 shares of the company's stock valued at $24,605,000 after acquiring an additional 1,655 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in CrowdStrike in the second quarter worth $2,545,000. Legacy Financial Strategies LLC raised its holdings in CrowdStrike by 16.9% in the second quarter. Legacy Financial Strategies LLC now owns 1,892 shares of the company's stock worth $964,000 after purchasing an additional 273 shares during the period. Global Financial Private Client LLC raised its holdings in CrowdStrike by 8.4% in the second quarter. Global Financial Private Client LLC now owns 985 shares of the company's stock worth $502,000 after purchasing an additional 76 shares during the period. Finally, Rockland Trust Co. acquired a new stake in CrowdStrike during the 2nd quarter worth $259,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on CRWD shares. New Street Research set a $460.00 price objective on CrowdStrike in a research note on Thursday, August 28th. UBS Group dropped their price target on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Barclays raised their price target on CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler dropped their target price on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. Finally, Scotiabank dropped their target price on shares of CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $476.41.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,741 shares of company stock valued at $47,456,437. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $9.46 during trading on Monday, hitting $493.09. 3,126,544 shares of the stock were exchanged, compared to its average volume of 3,725,446. The company has a fifty day moving average price of $442.94 and a 200-day moving average price of $430.74. The stock has a market capitalization of $123.74 billion, a price-to-earnings ratio of -414.36, a price-to-earnings-growth ratio of 120.33 and a beta of 1.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 1-year low of $272.67 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm's revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. 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, equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal 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.