Triton Financial Group Inc Buys New Shares in CrowdStrike $CRWD

Key Points

• Triton Financial Group Inc acquired 5,937 shares of CrowdStrike, equating to an investment of approximately $3.02 million, making it the 8th largest holding in their portfolio.
• During its latest quarter, CrowdStrike reported earnings of $0.93 per share, exceeding analyst expectations for $0.83, with revenues also surpassing estimates at $1.17 billion.
• Analysts have mixed opinions on CrowdStrike, with price targets ranging from $450 to $560, reflecting a variety of ratings from "Strong Buy" to "Sell."

Triton Financial Group Inc bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,937 shares of the company's stock, valued at approximately $3,024,000. CrowdStrike accounts for approximately 2.2% of Triton Financial Group Inc's portfolio, making the stock its 8th largest holding.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in CrowdStrike during the second quarter worth $397,000. Pegasus Asset Management Inc. raised its holdings in CrowdStrike by 3.4% during the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company's stock worth $1,238,000 after buying an additional 79 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in CrowdStrike during the second quarter worth $899,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

CRWD opened at $503.61 on Tuesday. The firm has a market cap of $126.39 billion, a P/E ratio of -423.20, a PEG ratio of 113.89 and a beta of 1.19. The firm has a 50-day moving average of $456.70 and a 200 day moving average of $450.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a fifty-two week low of $294.68 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating 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 net margin of 6.84% and a negative return on equity of 1.53%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWD shares. Morgan Stanley upped their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the stock an "equal weight" rating in a report on Thursday, September 18th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a report on Monday, September 22nd. Piper Sandler lowered their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. Cfra restated a "hold" rating and set a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Oppenheimer increased their target price on shares of CrowdStrike from $520.00 to $560.00 and gave the company an "outperform" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $494.95.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,090 shares of company stock worth $75,500,649 in the last ninety days. Corporate insiders own 3.32% of the company's stock.

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.

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