The Manufacturers Life Insurance Company Increases Position in CrowdStrike $CRWD

Key Points

• The Manufacturers Life Insurance Company increased its stake in CrowdStrike by 5.0% during the 1st quarter, owning 166,448 shares worth approximately $58.7 million.
• CrowdStrike reported $1.17 billion in revenue for the last quarter, exceeding analyst expectations, and had earnings per share of $0.93, beating estimates by $0.10.
• Insider trading saw significant activity, with CEO George Kurtz selling 42,267 shares valued at over $19 million, reducing his ownership by 1.94%.

The Manufacturers Life Insurance Company lifted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,448 shares of the company's stock after buying an additional 7,933 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of CrowdStrike worth $58,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in CrowdStrike by 30.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 915 shares of the company's stock valued at $313,000 after acquiring an additional 215 shares during the period. Gallagher Fiduciary Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $232,000. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of CrowdStrike in the 4th quarter worth $315,000. Finally, Atalanta Sosnoff Capital LLC increased its stake in shares of CrowdStrike by 8.9% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 143,713 shares of the company's stock worth $49,173,000 after purchasing an additional 11,805 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,414 shares of company stock valued at $96,794,738 in the last quarter. 3.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank reduced their price objective on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Thursday. The Goldman Sachs Group upped their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Raymond James Financial restated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Oppenheimer restated an "outperform" rating and issued a $520.00 price objective on shares of CrowdStrike in a research note on Thursday. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Twenty-four research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $460.10.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $18.30 during trading on Friday, reaching $423.70. 5,472,042 shares of the stock traded hands, compared to its average volume of 3,462,167. The company has a market capitalization of $105.61 billion, a price-to-earnings ratio of -356.05 and a beta of 1.12. The business has a fifty day simple moving average of $461.47 and a two-hundred day simple moving average of $427.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98.

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

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.