PNC Financial Services Group Inc. Acquires 11,879 Shares of CrowdStrike $CRWD

PNC Financial Services Group Inc. raised its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,394 shares of the company’s stock after buying an additional 11,879 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CrowdStrike were worth $57,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 908,554 shares during the period. Jennison Associates LLC increased its holdings 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 purchasing an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CrowdStrike by 52.6% during the first 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 buying an additional 955,529 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after buying an additional 760,222 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock valued at $883,713,000 after buying an additional 352,473 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent research reports. Arete Research set a $706.00 target price on CrowdStrike in a research report on Tuesday, October 28th. Morgan Stanley raised their price objective on CrowdStrike from $475.00 to $515.00 and gave the stock an “equal weight” rating in a research report on Thursday. Macquarie lifted their price objective on CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. BMO Capital Markets boosted their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Finally, Oppenheimer raised their target price on CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $513.49.

CrowdStrike Trading Down 2.9%

Shares of CRWD opened at $529.78 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $132.95 billion, a PE ratio of -445.19, a PEG ratio of 128.27 and a beta of 1.16. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The stock has a 50 day simple moving average of $497.35 and a 200-day simple moving average of $470.67.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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 return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. CrowdStrike’s quarterly revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total value of $2,751,000.00. Following the sale, the director owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. This represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Johanna Flower sold 2,347 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction 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. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 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 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.