Envestnet Asset Management Inc. Raises Position in CrowdStrike $CRWD

Envestnet Asset Management Inc. increased its holdings in CrowdStrike (NASDAQ:CRWD) by 9.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 340,634 shares of the company’s stock after buying an additional 30,566 shares during the period. Envestnet Asset Management Inc.’s holdings in CrowdStrike were worth $173,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after buying an additional 98 shares in the last quarter. Draper Asset Management LLC increased its stake in CrowdStrike by 59.1% in the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock valued at $2,176,000 after acquiring an additional 1,619 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in CrowdStrike in the second quarter valued at $397,000. Finally, Pegasus Asset Management Inc. increased its stake in CrowdStrike by 3.4% in the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock valued at $1,238,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.5%

Shares of NASDAQ:CRWD opened at $529.70 on Tuesday. The stock’s 50-day moving average price is $465.42 and its 200-day moving average price is $456.82. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $535.52. The stock has a market capitalization of $132.93 billion, a P/E ratio of -445.12, a price-to-earnings-growth ratio of 123.92 and a beta of 1.19. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Capital One Financial increased their target price on CrowdStrike from $495.00 to $519.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Mizuho increased their target price on CrowdStrike from $430.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Needham & Company LLC increased their target price on CrowdStrike from $475.00 to $535.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Finally, Barclays increased their target price on CrowdStrike from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $496.47.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 10,000 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares in the company, valued at approximately $182,369,740. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,090 shares of company stock valued at $75,500,649 in the last quarter. 3.32% of the stock is currently owned by company insiders.

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.