Baird Financial Group Inc. Purchases 15,674 Shares of CrowdStrike $CRWD

Baird Financial Group Inc. grew its position in shares of CrowdStrike (NASDAQ:CRWD) by 39.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 55,586 shares of the company’s stock after acquiring an additional 15,674 shares during the quarter. Baird Financial Group Inc.’s holdings in CrowdStrike were worth $28,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Guggenheim Capital LLC raised its stake in CrowdStrike by 31.0% during the second quarter. Guggenheim Capital LLC now owns 70,379 shares of the company’s stock valued at $35,845,000 after purchasing an additional 16,665 shares in the last quarter. Kilter Group LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $40,000. Alpha Family Trust raised its position in shares of CrowdStrike by 32.3% during the 2nd quarter. Alpha Family Trust now owns 1,720 shares of the company’s stock valued at $876,000 after buying an additional 420 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CrowdStrike by 10.8% in the 2nd quarter. Invesco Ltd. now owns 2,775,980 shares of the company’s stock valued at $1,413,834,000 after acquiring an additional 269,562 shares during the last quarter. Finally, Sands Capital Alternatives LLC lifted its holdings in shares of CrowdStrike by 0.4% in the 2nd quarter. Sands Capital Alternatives LLC now owns 15,615 shares of the company’s stock valued at $7,953,000 after acquiring an additional 55 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president directly owned 379,116 shares in the company, valued at $189,558,000. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johanna Flower sold 2,347 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director directly owned 79,057 shares in the company, valued at $38,815,405.86. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 110,372 shares of company stock worth $55,996,956. Insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CRWD shares. Piper Sandler boosted their price objective on CrowdStrike from $450.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday. Arete raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 target price on the stock in a research report on Tuesday, October 28th. JMP Securities increased their price target on CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a report on Tuesday, September 23rd. Stephens raised their price target on CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, DZ Bank cut shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price objective on the stock. in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $556.44.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $512.03 on Friday. The firm’s 50 day simple moving average is $515.01 and its 200-day simple moving average is $479.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.88 and a current ratio of 1.81. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The firm has a market cap of $128.50 billion, a PE ratio of -406.37, a price-to-earnings-growth ratio of 122.64 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.CrowdStrike’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. 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, equities 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.