Geode Capital Management LLC Buys 273,922 Shares of CrowdStrike $CRWD

Geode Capital Management LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,728,167 shares of the company’s stock after purchasing an additional 273,922 shares during the period. Geode Capital Management LLC owned about 2.30% of CrowdStrike worth $2,903,752,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CRWD. Nuveen LLC acquired a new position in CrowdStrike during the first quarter worth $595,766,000. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after acquiring an additional 955,529 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRWD. Wells Fargo & Company raised their price target on CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Truist Financial upped their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $475.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Daiwa Capital Markets upped their target price on shares of CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Piper Sandler cut their target price on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.80.

CrowdStrike Trading Down 0.1%

Shares of NASDAQ:CRWD opened at $556.73 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $558.98. The company has a market capitalization of $139.72 billion, a P/E ratio of -467.84, a P/E/G ratio of 131.02 and a beta of 1.16. The business’s 50 day simple moving average is $492.35 and its 200 day simple moving average is $469.72.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 6,975 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $549.89, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,152,330.06. Following the sale, the director owned 79,057 shares of the company’s stock, valued at $38,815,405.86. The trade was a 2.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 116,622 shares of company stock worth $58,561,456 in the last three months. Company insiders own 3.32% of the company’s stock.

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.