Strs Ohio Takes Position in CrowdStrike $CRWD

Key Points

• Strs Ohio acquired a stake of 178,320 shares in CrowdStrike valued at approximately $62.87 million, representing 0.07% of the company's stock.
• CrowdStrike reported an earnings per share (EPS) of $0.93 for the quarter, exceeding estimates and indicating a revenue increase of 21.4% year-over-year.
• Insider sales of CrowdStrike stock have occurred recently, with President Michael Sentonas selling 11,527 shares for over $5.4 million.

Strs Ohio acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 178,320 shares of the company's stock, valued at approximately $62,872,000. Strs Ohio owned about 0.07% of CrowdStrike as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Tradewinds Capital Management LLC increased its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd grew its stake in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. Ramirez Asset Management Inc. lifted its holdings in CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the period. Cladis Investment Advisory LLC lifted its holdings in CrowdStrike by 1.5% during the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company's stock valued at $593,000 after purchasing an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after buying an additional 26 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 0.6%

Shares of CRWD traded up $2.72 during mid-day trading on Friday, hitting $436.10. 2,762,125 shares of the company's stock traded hands, compared to its average volume of 3,188,054. The business's 50-day moving average price is $445.98 and its 200-day moving average price is $426.94. The firm has a market capitalization of $109.44 billion, a P/E ratio of -366.47, a PEG ratio of 135.63 and a beta of 1.12. 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 $256.00 and a 1 year high of $517.98.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BTIG Research lowered their price target on CrowdStrike from $520.00 to $489.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Needham & Company LLC lowered their price objective on shares of CrowdStrike from $530.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. UBS Group dropped their target price on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Rosenblatt Securities reduced their target price on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $460.10.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the transaction, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,734 shares of company stock worth $67,337,728. 3.32% of the stock is owned by company insiders.

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.