Modus Advisors LLC Increases Stock Position in CrowdStrike $CRWD

Key Points

• Modus Advisors LLC increased its stake in CrowdStrike by 12.2% during Q2, now holding 7,282 shares valued at approximately $3.7 million.
• Several institutional investors, including Nuveen LLC and Vanguard Group Inc., have significantly boosted their positions in CrowdStrike, which is now over 71% owned by institutional investors.
• CrowdStrike reported better-than-expected earnings for Q2, with $0.93 earnings per share, beating estimates and reflecting a 21.4% year-over-year revenue growth.

Modus Advisors LLC grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,282 shares of the company's stock after purchasing an additional 789 shares during the period. Modus Advisors LLC's holdings in CrowdStrike were worth $3,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Nuveen LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at about $595,766,000. Jennison Associates LLC raised its holdings 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 valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CrowdStrike by 50,536.2% in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after purchasing an additional 955,529 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 4.1% in 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 during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $436.10 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $109.44 billion, a PE ratio of -366.47, a P/E/G ratio of 135.63 and a beta of 1.12. CrowdStrike has a twelve month low of $256.00 and a twelve month high of $517.98. The company has a 50-day moving average price of $445.98 and a two-hundred day moving average price of $427.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the business earned $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. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,734 shares of company stock valued at $67,337,728. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Zacks Research upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Mizuho decreased their price objective on shares of CrowdStrike from $450.00 to $430.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. Royal Bank Of Canada set a $510.00 price objective on shares of CrowdStrike and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, BMO Capital Markets set a $450.00 price objective on shares of CrowdStrike in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $460.10.

CrowdStrike Company 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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