Federated Hermes Inc. Decreases Stock Position in CrowdStrike $CRWD

Federated Hermes Inc. lessened its holdings in CrowdStrike (NASDAQ:CRWD) by 28.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 188,156 shares of the company’s stock after selling 75,348 shares during the period. Federated Hermes Inc.’s holdings in CrowdStrike were worth $95,830,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in CrowdStrike during the 1st quarter valued at approximately $595,000. Savvy Advisors Inc. increased its stake in CrowdStrike by 6.7% during the 1st quarter. Savvy Advisors Inc. now owns 1,066 shares of the company’s stock valued at $376,000 after purchasing an additional 67 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of CrowdStrike by 22.6% in the first quarter. Townsquare Capital LLC now owns 8,864 shares of the company’s stock worth $3,125,000 after buying an additional 1,636 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of CrowdStrike during the first quarter worth $106,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CRWD. Scotiabank reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday. Macquarie reissued a “neutral” rating and issued a $485.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. Wedbush restated an “outperform” rating and issued a $600.00 price objective on shares of CrowdStrike in a research note on Monday, December 1st. Stifel Nicolaus upped their target price on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, The Goldman Sachs Group increased their price target on shares of CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $553.26.

Insider Buying and Selling

In related news, CEO George Kurtz sold 17,830 shares of CrowdStrike stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares of the company’s stock, valued at $189,558,000. The trade was a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 110,372 shares of company stock valued at $55,996,956 in the last ninety days. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 0.2%

Shares of NASDAQ:CRWD opened at $512.03 on Monday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The company has a market capitalization of $128.50 billion, a PE ratio of -406.37, a PEG ratio of 123.94 and a beta of 1.09. The business has a 50 day moving average of $515.01 and a two-hundred day moving average of $480.06. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.93 EPS. The business’s revenue was up 21.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current 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.