AMI Asset Management Corp Takes Position in CrowdStrike $CRWD

AMI Asset Management Corp bought a new stake in CrowdStrike (NASDAQ:CRWD) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 41,571 shares of the company’s stock, valued at approximately $20,385,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after acquiring an additional 596,007 shares during the period. State Street Corp raised its holdings in CrowdStrike by 3.6% in the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after purchasing an additional 370,965 shares during the period. Geode Capital Management LLC boosted its position in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after purchasing an additional 273,922 shares in the last quarter. Laurel Wealth Advisors LLC grew its holdings in CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Finally, Norges Bank acquired a new stake in CrowdStrike in the second quarter valued at approximately $1,638,365,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, Director Denis Oleary sold 7,750 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director owned 10,816 shares of the company’s stock, valued at $5,574,999.04. This trade represents a 41.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the sale, the chief financial officer directly owned 179,114 shares in the company, valued at $86,571,169.62. This trade represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,559 shares of company stock valued at $59,246,587 over the last three months. Company insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Mizuho increased their target price on CrowdStrike from $475.00 to $540.00 and gave the company a “hold” rating in a research report on Monday, November 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $630.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. JMP Securities lifted their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 23rd. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. Finally, Capital One Financial raised their price target on shares of CrowdStrike from $599.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.10.

CrowdStrike Stock Performance

CrowdStrike stock opened at $476.35 on Friday. The firm has a 50 day simple moving average of $514.35 and a 200-day simple moving average of $482.52. The stock has a market cap of $120.09 billion, a price-to-earnings ratio of -378.06, a price-to-earnings-growth ratio of 114.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm’s quarterly 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. On average, analysts expect that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.