Sunbeam Capital Management LLC Purchases New Position in CrowdStrike $CRWD

Sunbeam Capital Management LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 483 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CFM Wealth Partners LLC grew its stake in CrowdStrike by 19.5% in the 2nd quarter. CFM Wealth Partners LLC now owns 11,520 shares of the company’s stock valued at $5,867,000 after buying an additional 1,881 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in CrowdStrike by 5.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 89,340 shares of the company’s stock valued at $45,502,000 after purchasing an additional 4,550 shares during the period. RMG Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at about $51,000. Tcfg Wealth Management LLC boosted its holdings in CrowdStrike by 10.6% in the 2nd quarter. Tcfg Wealth Management LLC now owns 832 shares of the company’s stock valued at $424,000 after purchasing an additional 80 shares during the period. Finally, Roberts Wealth Advisors LLC boosted its holdings in CrowdStrike by 3.0% in the 2nd quarter. Roberts Wealth Advisors LLC now owns 3,996 shares of the company’s stock valued at $2,035,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. BMO Capital Markets boosted their price objective on shares of CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, August 28th. Truist Financial boosted their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Piper Sandler cut their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $487.11.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $495.95 on Tuesday. The company has a 50 day moving average of $446.69 and a 200-day moving average of $441.44. CrowdStrike has a 1-year low of $285.79 and a 1-year high of $517.98. 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 company has a market cap of $124.46 billion, a PE ratio of -416.76, a price-to-earnings-growth ratio of 115.12 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm’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. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the transaction, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 20,000 shares of the 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 completion of the transaction, the president directly owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,816 shares of company stock worth $62,606,356 in the last 90 days. Corporate 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.