Edgestream Partners L.P. Raises Stock Holdings in CrowdStrike $CRWD

Edgestream Partners L.P. boosted its position in CrowdStrike (NASDAQ:CRWD) by 126.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,131 shares of the company’s stock after purchasing an additional 2,867 shares during the quarter. Edgestream Partners L.P.’s holdings in CrowdStrike were worth $2,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in shares of CrowdStrike in the 2nd quarter worth about $26,000. Financial Gravity Companies Inc. bought a new stake in CrowdStrike during the second quarter worth about $33,000. Saudi Central Bank purchased a new stake in CrowdStrike in the first quarter worth about $34,000. Financial Management Professionals Inc. increased its stake 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 purchasing an additional 34 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRWD. Needham & Company LLC upped their price target on CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of CrowdStrike in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $353.00 price target on shares of CrowdStrike in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $555.51.

Insider Buying and Selling

In related news, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the completion of the sale, the director owned 79,057 shares in the company, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 6,975 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $549.89, for a total value of $3,835,482.75. Following the completion of the transaction, the chief executive officer directly owned 2,108,082 shares in the company, valued at $1,159,213,210.98. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,372 shares of company stock valued at $55,996,956 over the last ninety days. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $513.12 on Friday. The firm’s 50-day moving average price is $514.40 and its 200-day moving average price is $479.02. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The company has a market cap of $128.77 billion, a PE ratio of -407.24, a PEG ratio of 123.56 and a beta of 1.09. The company has a quick ratio of 1.88, a current 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 earnings per share for the quarter, beating 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike 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.