CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Boosts Stake in CrowdStrike $CRWD

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in shares of CrowdStrike (NASDAQ:CRWD) by 228.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the company’s stock after buying an additional 16,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in CrowdStrike were worth $11,279,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in CrowdStrike by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after purchasing an additional 596,007 shares during the last quarter. State Street Corp boosted its position in CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after buying an additional 370,965 shares during the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after buying an additional 273,922 shares during the period. Laurel Wealth Advisors LLC raised its position in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after buying an additional 4,285,640 shares during the last quarter. Finally, Norges Bank acquired a new stake in CrowdStrike during the 2nd quarter valued at approximately $1,638,365,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: Broader AI/cyber momentum — Wedbush and other strategists are pushing AI-themed portfolios into 2026, reinforcing demand for security vendors like CrowdStrike as AI adoption drives enterprise spend. Microsoft and Palantir Lead Wedbush’s Top AI Picks for 2026
• Positive Sentiment: Wall Street spotlight on AI winners — several analyst roundups name CrowdStrike among key cyber‑AI beneficiaries for 2026, supporting analyst upgrades and higher price targets that underlie bullish investor positioning. Top Wall Street analyst picks 5 AI stocks for 2026
• Positive Sentiment: MarketBeat / analyst upgrade momentum — MarketBeat lists CRWD among the most‑upgraded names, citing AI‑enabled product strength, acquisitions and improving margins as catalysts for mid‑teens upside consensus. The 5 Most Upgraded Stocks from 2025: Double-Digit Upside in 2026
• Positive Sentiment: Fresh investor interest noted — coverage pieces (Zacks, MSN commentary) highlight CrowdStrike as a top cyber‑AI exposure, which can attract momentum flows into CRWD. CrowdStrike (CRWD) is Attracting Investor Attention
• Neutral Sentiment: Unusual options activity — Benzinga flags notable options trades in CRWD, signaling elevated short‑term speculation or hedging; follow size/direction to infer whether bulls or bears are positioning. CrowdStrike Holdings Unusual Options Activity For December 30
• Neutral Sentiment: CEO performance award granted — CrowdStrike approved a new performance‑based equity grant for the CEO; intended to align incentives but could imply future dilution or model changes depending on vesting metrics. CrowdStrike Grants CEO New Performance-Based Equity Award
• Negative Sentiment: Insider selling — CAO Anurag Saha sold 836 shares (~$476.83 avg), trimming his stake; while not large, insider sales can prompt short‑term selling or signal liquidity needs to some investors. SEC Form 4: Anurag Saha sale

CrowdStrike Stock Down 0.1%

CrowdStrike stock opened at $475.63 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization of $119.91 billion, a PE ratio of -377.48, a price-to-earnings-growth ratio of 114.47 and a beta of 1.09. The business has a 50 day simple moving average of $513.16 and a 200-day simple moving average of $482.71. CrowdStrike has a 12 month low of $298.00 and a 12 month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. 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, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Roth Capital reiterated a “buy” rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Robert W. Baird lifted their price objective on CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Daiwa Capital Markets upped their target price on CrowdStrike from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Macquarie reiterated a “neutral” rating and set a $485.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their price target on CrowdStrike from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Thirty-two equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $555.10.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 17,550 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the transaction, the chief executive officer owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 1,879 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $527.51, for a total transaction of $991,191.29. Following the completion of the transaction, the director directly owned 763,027 shares in the company, valued at $402,504,372.77. This represents a 0.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 98,395 shares of company stock valued at $49,645,217. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.