Western Financial Corp CA Boosts Holdings in CrowdStrike $CRWD

Key Points

• Western Financial Corp CA increased its stake in CrowdStrike by 38.6% in the 2nd quarter, holding 4,408 shares worth approximately $2.25 million, making it the firm's 19th largest investment.
• Analysts have displayed optimism for CrowdStrike, with Canaccord Genuity raising their price target from $430 to $500, while the average consensus price target stands at $483.79.
• Insider transactions have occurred as CEO George Kurtz sold 17,830 shares valued at about $8.82 million, reflecting a 0.84% decrease in his ownership position.

Western Financial Corp CA boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 38.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,408 shares of the company's stock after buying an additional 1,228 shares during the quarter. CrowdStrike accounts for approximately 1.2% of Western Financial Corp CA's investment portfolio, making the stock its 19th largest position. Western Financial Corp CA's holdings in CrowdStrike were worth $2,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CRWD. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC lifted 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 valued at $26,000 after buying an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new stake in CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. lifted 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 valued at $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in CrowdStrike during the 1st quarter valued at about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRWD has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $430.00 to $500.00 and gave the company a "hold" rating in a report on Monday, September 22nd. Daiwa Capital Markets lifted their price objective on shares of CrowdStrike from $475.00 to $530.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James Financial reiterated an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. KeyCorp lifted their price objective on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Finally, Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $483.79.

CrowdStrike Trading Up 1.8%

NASDAQ CRWD opened at $481.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $120.82 billion, a price-to-earnings ratio of -404.55, a price-to-earnings-growth ratio of 111.17 and a beta of 1.12. The company's 50-day simple moving average is $443.79 and its two-hundred day simple moving average is $434.70. CrowdStrike has a one year low of $272.67 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The company'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. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 17,830 shares of CrowdStrike stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the sale, the chief financial officer owned 220,424 shares of the company's stock, valued at $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,066 shares of company stock worth $60,934,078 over the last ninety days. Company 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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