City Holding Co. Buys 1,010 Shares of CrowdStrike $CRWD

City Holding Co. raised its stake in shares of CrowdStrike (NASDAQ:CRWD) by 20.9% in the second quarter, Holdings Channel reports. The fund owned 5,845 shares of the company’s stock after acquiring an additional 1,010 shares during the period. City Holding Co.’s holdings in CrowdStrike were worth $2,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in shares of CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after acquiring an additional 34 shares during the period. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the first quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.8%

NASDAQ:CRWD opened at $481.42 on Friday. The stock has a market capitalization of $120.81 billion, a PE ratio of -404.55, a price-to-earnings-growth ratio of 113.13 and a beta of 1.12. The business’s 50-day simple moving average is $443.79 and its 200-day simple moving average is $435.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares of the company’s stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,066 shares of company stock worth $60,934,078 in the last three months. 3.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRWD. Robert W. Baird raised their target price on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Macquarie raised their target price on CrowdStrike from $465.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Raymond James Financial restated an “outperform” rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, Capital One Financial lifted their price objective on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $483.79.

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.