Pittenger & Anderson Inc. Has $7.09 Million Position in CrowdStrike $CRWD

Pittenger & Anderson Inc. boosted its holdings in CrowdStrike (NASDAQ:CRWD) by 21.7% during the second quarter, Holdings Channel reports. The fund owned 13,928 shares of the company’s stock after purchasing an additional 2,479 shares during the period. Pittenger & Anderson Inc.’s holdings in CrowdStrike were worth $7,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $30,000. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRWD shares. Wedbush restated a “buy” rating on shares of CrowdStrike in a research note on Thursday, August 28th. Macquarie raised their price target on shares of CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. New Street Research set a $460.00 price target on shares of CrowdStrike in a research report on Thursday, August 28th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Thursday, September 18th. Finally, Evercore ISI raised their price target on shares of CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $494.95.

CrowdStrike Price Performance

CRWD stock opened at $503.61 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. The firm has a market cap of $126.39 billion, a P/E ratio of -423.20, a P/E/G ratio of 113.89 and a beta of 1.19. The company’s 50-day moving average price is $456.70 and its two-hundred day moving average price is $450.85.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction that occurred on 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 sale, the president directly owned 379,116 shares in the company, valued at $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,090 shares of company stock valued at $75,500,649 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

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.