SCS Capital Management LLC Invests $2.06 Million in CrowdStrike $CRWD

Key Points

• SCS Capital Management LLC invested $2.06 million in CrowdStrike, acquiring 5,855 shares during the first quarter.
• Institutional investors hold 71.16% of CrowdStrike's stock, with Vanguard and other hedge funds increasing their positions significantly in the same quarter.
• CrowdStrike achieved $1.17 billion in revenue for the last quarter, marking a 21.4% year-over-year increase and beating analyst estimates.

SCS Capital Management LLC bought a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,855 shares of the company's stock, valued at approximately $2,064,000.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in 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 acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 during the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction on 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 directly owned 81,383 shares in the company, valued at $38,592,632.43. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,734 shares of company stock worth $67,337,728. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

CRWD stock traded up $8.51 during trading on Thursday, reaching $433.38. 2,408,603 shares of the company's stock were exchanged, compared to its average volume of 3,213,036. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 1-year low of $252.48 and a 1-year high of $517.98. The company's fifty day moving average price is $447.53 and its 200-day moving average price is $426.55. The firm has a market cap of $108.76 billion, a PE ratio of -364.18, a P/E/G ratio of 132.97 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm's quarterly revenue 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. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CRWD shares. BMO Capital Markets set a $450.00 target price on CrowdStrike in a research report on Thursday, August 28th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Macquarie reiterated a "neutral" rating and issued a $465.00 target price on shares of CrowdStrike in a research report on Friday, August 29th. Raymond James Financial reiterated 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. Finally, Rosenblatt Securities decreased their target price on CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.