Franklin Street Advisors Inc. NC Buys New Position in CrowdStrike $CRWD

Franklin Street Advisors Inc. NC bought a new stake in shares of CrowdStrike (NASDAQ:CRWD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 400 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike in the 1st quarter valued at about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Burt W. Podbere sold 11,883 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 2,234 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.68, for a total value of $1,107,349.12. Following the transaction, the chief accounting officer owned 39,017 shares in the company, valued at $19,339,946.56. This represents a 5.42% 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 over the last ninety days. 3.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. Wedbush reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CrowdStrike in a research report on Saturday, September 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $490.00 price target on shares of CrowdStrike in a research report on Thursday, September 18th. Piper Sandler cut their target price on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Finally, Capital One Financial raised their target price on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $487.11.

CrowdStrike Trading Down 1.4%

NASDAQ:CRWD opened at $489.88 on Friday. The stock’s 50 day moving average price is $446.22 and its 200 day moving average price is $439.56. The company has a market capitalization of $122.94 billion, a PE ratio of -411.66, a P/E/G ratio of 116.74 and a beta of 1.19. 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 52-week low of $283.80 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for 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%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. 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 year.

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.