Northern Trust Corp Increases Position in CrowdStrike $CRWD

Key Points

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Northern Trust Corp raised its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,334,739 shares of the company's stock after acquiring an additional 63,017 shares during the quarter. Northern Trust Corp owned approximately 0.94% of CrowdStrike worth $823,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group boosted its position in CrowdStrike by 5.8% during the 1st quarter. Brooklyn Investment Group now owns 1,697 shares of the company's stock valued at $598,000 after acquiring an additional 93 shares in the last quarter. Versor Investments LP bought a new stake in CrowdStrike during the 1st quarter valued at $1,904,000. Valley Brook Capital Group Inc. boosted its position in CrowdStrike by 2.7% during the 1st quarter. Valley Brook Capital Group Inc. now owns 1,890 shares of the company's stock valued at $666,000 after acquiring an additional 50 shares in the last quarter. Freestone Capital Holdings LLC boosted its position in CrowdStrike by 37.6% during the 1st quarter. Freestone Capital Holdings LLC now owns 2,911 shares of the company's stock valued at $1,026,000 after acquiring an additional 795 shares in the last quarter. Finally, Corient IA LLC bought a new stake in CrowdStrike during the 1st quarter valued at $529,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Wedbush raised their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Evercore ISI lowered their price objective on CrowdStrike from $440.00 to $425.00 and set an "in-line" rating for the company in a research report on Monday. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $460.81.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the company'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

CRWD traded up $5.9510 on Friday, reaching $420.0110. 903,735 shares of the stock were exchanged, compared to its average volume of 3,665,283. The company's 50-day moving average price is $468.54 and its 200 day moving average price is $427.40. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $104.69 billion, a PE ratio of -608.81 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm'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. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.