Narus Financial Partners LLC Buys Shares of 500 CrowdStrike $CRWD

Key Points

• Narus Financial Partners LLC has taken a new position in CrowdStrike, purchasing 500 shares valued at approximately $255,000 during the second quarter.
• Significant recent activity among institutional investors includes Nuveen LLC acquiring a stake worth about $595 million and Vanguard Group Inc. boosting their holdings by 4.1% to $8 billion.
• CrowdStrike reported earnings of $0.93 EPS for the last quarter, exceeding analysts' expectations of $0.83 and reflecting a revenue increase of 21.4% year-over-year.

Narus Financial Partners LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 500 shares of the company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike in the 1st quarter valued at approximately $30,000. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRWD. Oppenheimer reissued an "outperform" rating and issued a $520.00 target price on shares of CrowdStrike in a research report on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Piper Sandler dropped their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Morgan Stanley lifted their target price on CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Cfra reiterated a "hold" rating and set a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $476.41.

Insider Buying and Selling

In other news, Director Johanna Flower sold 2,073 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% 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, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,741 shares of company stock valued at $47,456,437. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 1.9%

CrowdStrike stock traded down $9.41 during trading hours on Monday, hitting $493.14. The stock had a trading volume of 3,872,883 shares, compared to its average volume of 3,994,004. 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 stock has a market cap of $123.76 billion, a price-to-earnings ratio of -414.40, a P/E/G ratio of 120.33 and a beta of 1.12. CrowdStrike has a one year low of $272.67 and a one year high of $517.98. The business's 50 day simple moving average is $443.28 and its 200-day simple moving average is $431.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the company 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. On average, 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.