Mainstay Capital Management LLC ADV Buys New Holdings in CrowdStrike $CRWD

Mainstay Capital Management LLC ADV bought a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 920 shares of the company's stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the last quarter. OLD National Bancorp IN acquired a new position in shares of CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. lifted its stake 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 purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after purchasing an additional 5,998 shares in the last quarter. Finally, Benchmark Investment Advisors LLC increased its position in shares of CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after acquiring an additional 4,877 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $510.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Stifel Nicolaus lifted their target price on CrowdStrike from $495.00 to $515.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Cfra reaffirmed 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. Weiss Ratings reissued a "sell (d)" rating on shares of CrowdStrike in a report on Wednesday. Finally, Wedbush reissued a "buy" rating on shares of CrowdStrike in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $491.81.

CrowdStrike Stock Up 5.2%

NASDAQ:CRWD opened at $509.95 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $448.01 and a 200-day moving average of $442.21. The firm has a market capitalization of $127.98 billion, a PE ratio of -428.53, a price-to-earnings-growth ratio of 113.88 and a beta of 1.19. CrowdStrike has a 52 week low of $292.50 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred 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. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,816 shares of company stock valued at $62,606,356. 3.32% of the stock is currently owned by insiders.

CrowdStrike 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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