Rockland Trust Co. Takes $259,000 Position in CrowdStrike $CRWD

Key Points

• Rockland Trust Co. acquired a new stake in CrowdStrike, purchasing 509 shares worth approximately $259,000 in the second quarter.
• Several institutional investors have also increased their holdings in CrowdStrike, with 71.16% of the stock owned by hedge funds and other institutions.
• CrowdStrike reported earnings of $0.93 per share for the most recent quarter, outperforming analysts' estimates and achieving a year-over-year revenue growth of 21.4%.

Rockland Trust Co. purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 509 shares of the company's stock, valued at approximately $259,000.

Other hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter valued at $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC lifted its position 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 buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake 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 acquiring an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike in the 1st quarter worth approximately $30,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $9.35 during trading on Monday, reaching $493.20. 2,873,665 shares of the stock traded hands, compared to its average volume of 3,724,886. CrowdStrike has a 52-week low of $272.67 and a 52-week high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The business has a fifty day simple moving average of $442.94 and a two-hundred day simple moving average of $430.74. The company has a market capitalization of $123.77 billion, a price-to-earnings ratio of -416.53, a P/E/G ratio of 120.33 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. 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 expect that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWD. Cfra reaffirmed a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Wedbush restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Rosenblatt Securities reiterated a "buy" rating and issued a $490.00 price target on shares of CrowdStrike in a research note on Thursday. Finally, Piper Sandler lowered their price objective on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $476.41.

Insider Activity

In related news, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction 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 sale, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director owned 81,383 shares of the company's stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,741 shares of company stock worth $47,456,437. 3.32% of the stock is owned by corporate insiders.

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.