Whittier Trust Co. Purchases 57,108 Shares of CrowdStrike $CRWD

Key Points

• Whittier Trust Co. increased its stake in CrowdStrike by 225.4%, acquiring an additional 57,108 shares in the second quarter, bringing its total holdings to 82,448 shares valued at approximately $41.99 million.
• Several institutional investors have also significantly raised their positions in CrowdStrike, with 71.16% of the company's stock now owned by institutional investors.
• The stock recently achieved a price target increase from various analysts, with Needham & Company raising it from $475.00 to $535.00, indicating a strong belief in the company's growth potential.

Whittier Trust Co. grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 225.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,448 shares of the company's stock after acquiring an additional 57,108 shares during the period. Whittier Trust Co.'s holdings in CrowdStrike were worth $41,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Nuveen LLC bought a new position in shares of CrowdStrike during the first quarter valued at about $595,766,000. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CrowdStrike by 52.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after acquiring an additional 955,529 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after acquiring an additional 760,222 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRWD shares. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Wednesday, October 15th. Needham & Company LLC increased their price target on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of CrowdStrike from $430.00 to $435.00 and gave the stock a "hold" rating in a research note on Thursday, September 18th. Scotiabank raised shares of CrowdStrike from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $440.00 to $600.00 in a research note on Thursday, September 25th. Finally, Cantor Fitzgerald increased their price target on shares of CrowdStrike from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $494.95.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,090 shares of company stock worth $75,500,649. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD opened at $503.61 on Tuesday. The stock has a market cap of $126.39 billion, a PE ratio of -423.20, a price-to-earnings-growth ratio of 113.89 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 fifty-two week low of $294.68 and a fifty-two week high of $517.98. The firm's 50-day simple moving average is $456.70 and its two-hundred day simple moving average is $450.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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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