US Bancorp DE Cuts Stock Position in CrowdStrike $CRWD

Key Points

• US Bancorp DE reduced its investment in CrowdStrike by 5.0%, now holding 78,475 shares worth approximately $39.97 million.
• Analysts have mixed opinions on CrowdStrike, with price targets ranging from $440.00 to $550.00, and over twenty-eight analysts issuing a Buy rating.
• CrowdStrike reported $1.17 billion in revenue for the quarter, exceeding estimates, and recorded earnings of $0.93 EPS, up from $1.04 EPS from the same quarter last year.

US Bancorp DE cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,475 shares of the company's stock after selling 4,108 shares during the quarter. US Bancorp DE's holdings in CrowdStrike were worth $39,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings 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 purchasing an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 purchasing an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter worth about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JMP Securities upped their price target on CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a report on Tuesday, September 23rd. DZ Bank downgraded CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price target on the stock. in a report on Wednesday, September 24th. Zacks Research upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Daiwa Capital Markets increased their price objective on CrowdStrike from $475.00 to $530.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Finally, Stifel Nicolaus increased their price objective on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $493.33.

CrowdStrike Trading Down 0.2%

CRWD opened at $509.13 on Friday. The business's 50-day simple moving average is $449.10 and its 200-day simple moving average is $443.15. The company has a market cap of $127.77 billion, a P/E ratio of -427.84, a PEG ratio of 119.83 and a beta of 1.19. 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 one year low of $294.68 and a one year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business 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, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 2,234 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.68, for a total transaction of $1,107,349.12. Following the transaction, the chief accounting officer owned 39,017 shares in the company, valued at $19,339,946.56. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,816 shares of company stock worth $62,606,356 over the last ninety days. 3.32% of the stock is owned by corporate insiders.

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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