Creekmur Asset Management LLC Increases Position in CrowdStrike $CRWD

Creekmur Asset Management LLC lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 48.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,162 shares of the company’s stock after acquiring an additional 1,036 shares during the quarter. Creekmur Asset Management LLC’s holdings in CrowdStrike were worth $1,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $26,000. AlphaQuest LLC purchased a new stake in shares of CrowdStrike during the second quarter worth about $26,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike during the first quarter worth about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 11,883 shares of the company’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 transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,840 shares of company stock valued at $75,350,186 over the last three months. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Roth Capital reaffirmed a “buy” rating and set a $510.00 target price (up from $410.00) on shares of CrowdStrike in a research report on Thursday, September 18th. KeyCorp boosted their price objective on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. BMO Capital Markets boosted their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Daiwa Capital Markets boosted their price objective on CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Zacks Research lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $505.78.

CrowdStrike Stock Down 1.3%

NASDAQ:CRWD opened at $538.68 on Friday. The firm has a market capitalization of $135.19 billion, a PE ratio of -452.67, a price-to-earnings-growth ratio of 128.19 and a beta of 1.19. The stock has a 50 day moving average of $473.00 and a 200-day moving average of $459.79. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $553.64. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD) last posted 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts predict that CrowdStrike will post 0.55 EPS for the current 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.