Woodline Partners LP Acquires 67,973 Shares of CrowdStrike $CRWD

Key Points

• Woodline Partners LP increased its stake in CrowdStrike by 366.5%, acquiring an additional 67,973 shares, bringing its total ownership to 86,518 shares valued at approximately $30.5 million.
• CrowdStrike reported a 21.4% increase in quarterly revenue year-over-year, reaching $1.17 billion, and beat EPS estimates by $0.10 with a current EPS of $0.93.
• Despite positive financial performance, CrowdStrike's shares are currently trading down 1.1%, with a consensus price target of $460.10 and coverage from analysts ranging from "Strong Buy" to "Hold."

Woodline Partners LP increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 366.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,518 shares of the company's stock after acquiring an additional 67,973 shares during the period. Woodline Partners LP's holdings in CrowdStrike were worth $30,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the period. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike during the first quarter worth $248,000. Bessemer Group Inc. raised its holdings in shares of 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 acquiring an additional 98 shares during the period. Benchmark Investment Advisors LLC grew its position in CrowdStrike by 90.8% in the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after purchasing an additional 4,877 shares in the last quarter. Finally, CX Institutional bought a new position in CrowdStrike in the first quarter valued at $175,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director directly owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,734 shares of company stock worth $67,337,728 in the last ninety days. Insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $2.72 during midday trading on Friday, hitting $436.10. 2,762,125 shares of the company traded hands, compared to its average volume of 3,188,054. The stock has a market cap of $109.44 billion, a price-to-earnings ratio of -366.47, a PEG ratio of 135.63 and a beta of 1.12. 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 firm's fifty day moving average price is $445.98 and its 200-day moving average price is $426.94. CrowdStrike has a 12 month low of $256.00 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion for 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 was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm 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, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. Morgan Stanley decreased their target price on shares of CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Bank of America reaffirmed a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. DA Davidson decreased their target price on shares of CrowdStrike from $530.00 to $490.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group raised their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $460.10.

CrowdStrike Company 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.