MIG Capital LLC Grows Stock Holdings in CrowdStrike $CRWD

Key Points

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MIG Capital LLC grew its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 137.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,257 shares of the company's stock after acquiring an additional 1,305 shares during the quarter. CrowdStrike comprises about 0.1% of MIG Capital LLC's portfolio, making the stock its 29th biggest position. MIG Capital LLC's holdings in CrowdStrike were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of CrowdStrike by 20.4% in the 1st 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 period. OLD National Bancorp IN purchased a new position in shares of CrowdStrike in the 1st quarter valued at $248,000. Bessemer Group Inc. increased its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares during the period. CX Institutional purchased a new position in shares of CrowdStrike in the 1st quarter valued at $175,000. Finally, Voya Investment Management LLC increased its holdings in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD traded up $6.2210 during mid-day trading on Friday, reaching $420.2810. The company had a trading volume of 1,653,025 shares, compared to its average volume of 3,669,922. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $104.76 billion, a P/E ratio of -609.10 and a beta of 1.13. The stock has a 50 day moving average of $468.54 and a two-hundred day moving average of $427.40.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company'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. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Oppenheimer boosted their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson boosted their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna boosted their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research note on Monday, July 7th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $460.81.

Insider Activity at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock valued at $101,484,738 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

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.