Truist Financial Corp Grows Holdings in CrowdStrike $CRWD

Key Points

• Truist Financial Corp increased its stake in CrowdStrike by 1.1%, owning approximately 152,589 shares valued at $77.7 million as of the second quarter, according to a recent SEC filing.
• Insider selling activity was notable, with CAO Anurag Saha and Director Sameer K. Gandhi selling over 8,000 shares combined, amidst a general trend of insiders having sold 112,816 shares totaling over $52.6 million in the last three months.
• CrowdStrike's stock saw updated analyst ratings, with several firms maintaining "buy" ratings and new price targets ranging from $343 to $510, reflecting strong investor confidence despite recent insider sales.

Truist Financial Corp boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,589 shares of the company's stock after purchasing an additional 1,693 shares during the quarter. Truist Financial Corp owned about 0.06% of CrowdStrike worth $77,715,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike during the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC raised its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new position in CrowdStrike during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its position 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 worth $27,000 after buying an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in CrowdStrike during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,762 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $482.41, for a total transaction of $850,006.42. Following the sale, the chief accounting officer directly owned 37,255 shares of the company's stock, valued at $17,972,184.55. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the sale, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,816 shares of company stock worth $52,606,356 over the last three months. Company insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. BTIG Research reiterated a "buy" rating and issued a $489.00 price target on shares of CrowdStrike in a report on Thursday, September 18th. Roth Capital reiterated a "buy" rating and issued a $510.00 price target (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Canaccord Genuity Group increased their price target on shares of CrowdStrike from $430.00 to $500.00 and gave the company a "hold" rating in a report on Monday, September 22nd. Finally, Sanford C. Bernstein cut their price target on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $484.95.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $499.96 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $445.08 and a two-hundred day moving average price of $437.78. CrowdStrike has a twelve month low of $274.86 and a twelve month high of $517.98. The company has a market capitalization of $125.47 billion, a P/E ratio of -420.13, a price-to-earnings-growth ratio of 115.24 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its 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. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $1.04 EPS. The firm's revenue for the quarter 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. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.

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