Cary Street Partners Financial LLC Buys 1,816 Shares of CrowdStrike $CRWD

Cary Street Partners Financial LLC increased its stake in shares of CrowdStrike (NASDAQ:CRWD) by 23.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,714 shares of the company’s stock after buying an additional 1,816 shares during the quarter. Cary Street Partners Financial LLC’s holdings in CrowdStrike were worth $4,947,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in CrowdStrike by 2.6% in the 2nd 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 last quarter. Geode Capital Management LLC lifted its holdings in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Norges Bank purchased a new position in shares of CrowdStrike in the second quarter worth about $1,638,365,000. Finally, Invesco Ltd. raised its position in shares of CrowdStrike by 10.8% in the second quarter. Invesco Ltd. now owns 2,775,980 shares of the company’s stock valued at $1,413,834,000 after purchasing an additional 269,562 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,706 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares in the company, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of CrowdStrike stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the sale, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. This trade represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 110,372 shares of company stock worth $55,996,956. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CRWD. Citigroup raised their price objective on shares of CrowdStrike from $575.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday. BTIG Research restated a “buy” rating and set a $640.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. UBS Group raised their price target on CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Finally, KeyCorp increased their price objective on CrowdStrike from $510.00 to $570.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $553.26.

CrowdStrike Price Performance

CrowdStrike stock opened at $512.03 on Monday. The stock has a market cap of $128.50 billion, a price-to-earnings ratio of -406.37, a PEG ratio of 123.94 and a beta of 1.09. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $515.01 and a 200 day simple moving average of $480.06. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $0.93 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. 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, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.