Rice Partnership LLC Makes New $576,000 Investment in CrowdStrike $CRWD

Key Points

• Rice Partnership LLC has made a new investment of $576,000 in CrowdStrike, acquiring 1,130 shares during the second quarter.
• During the first quarter, several hedge funds increased their positions in CrowdStrike, with 71.16% of the stock now owned by institutional investors.
• CrowdStrike reported earnings of $0.93 per share for the latest quarter, exceeding expectations and marking a 21.4% revenue increase year-over-year.

Rice Partnership LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,130 shares of the company's stock, valued at approximately $576,000.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its position in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the period. OLD National Bancorp IN bought a new position in CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. increased its position in 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 acquiring an additional 98 shares during the period. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC increased its position in 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 period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $509.95 on Thursday. The company has a fifty day simple moving average of $448.01 and a 200 day simple moving average of $442.21. CrowdStrike has a 12-month low of $292.50 and a 12-month high of $517.98. 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 company has a market cap of $127.98 billion, a P/E ratio of -428.53, a PEG ratio of 113.88 and a beta of 1.19.

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

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Truist Financial increased their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. JMP Securities increased their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a research note on Tuesday, September 23rd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, Wells Fargo & Company raised their price target on shares of CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus target price of $491.81.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction 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 transaction, the president directly owned 379,116 shares in the company, valued at $189,558,000. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,816 shares of company stock worth $62,606,356. Company insiders own 3.32% of the company's stock.

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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