Titleist Asset Management LLC Boosts Stock Holdings in CrowdStrike $CRWD

Key Points

• Titleist Asset Management LLC increased its stake in CrowdStrike by 16.7%, acquiring an additional 1,108 shares, bringing its total holdings to 7,759 shares valued at approximately $2.74 million.
• Multiple institutional investors have made substantial adjustments to their positions in CrowdStrike, with a collective ownership of 71.16% of the company's stock.
• Analysts maintain a positive outlook on CrowdStrike with a consensus rating of "Moderate Buy" and various price targets, including $485.00 set by Raymond James Financial.

Titleist Asset Management LLC boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,759 shares of the company's stock after acquiring an additional 1,108 shares during the period. Titleist Asset Management LLC's holdings in CrowdStrike were worth $2,736,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% in the first 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 during the period. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% in the first 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 during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

CRWD stock traded down $10.41 during midday trading on Tuesday, reaching $413.29. The company had a trading volume of 3,143,805 shares, compared to its average volume of 3,732,555. 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 1 year low of $242.25 and a 1 year high of $517.98. The company has a market capitalization of $103.01 billion, a P/E ratio of -347.30 and a beta of 1.12. The firm has a 50-day moving average price of $460.11 and a 200-day moving average price of $427.09.

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 analysts' consensus estimates 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 analysts' expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.04 EPS. The business's quarterly 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. On average, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the sale, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,164 shares of company stock worth $88,876,050. 3.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. New Street Research set a $460.00 price target on shares of CrowdStrike in a research report on Thursday, August 28th. Rosenblatt Securities lowered their price target 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. Susquehanna boosted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Finally, Bank of America reaffirmed a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Twenty-four research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $460.10.

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.