Griffin Asset Management Inc. Lowers Position in CrowdStrike $CRWD

Griffin Asset Management Inc. reduced its stake in CrowdStrike (NASDAQ:CRWD) by 45.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,936 shares of the company’s stock after selling 1,610 shares during the quarter. Griffin Asset Management Inc.’s holdings in CrowdStrike were worth $986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Nuveen LLC purchased a new stake in CrowdStrike in the 1st quarter valued at $595,766,000. Jennison Associates LLC grew its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $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 grew its stake in 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 purchasing an additional 955,529 shares during the period. Vanguard Group Inc. grew its stake 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. Finally, Goldman Sachs Group Inc. grew its stake in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after purchasing an additional 760,222 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,816 shares of company stock worth $75,331,356 in the last 90 days. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus upped their price objective on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Roth Capital restated a “buy” rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. BMO Capital Markets upped their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Finally, Truist Financial upped their price objective on CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $493.33.

CrowdStrike Stock Down 3.0%

Shares of NASDAQ CRWD opened at $493.66 on Monday. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98. The business has a 50-day simple moving average of $450.04 and a two-hundred day simple moving average of $444.95. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $123.89 billion, a P/E ratio of -414.84, a P/E/G ratio of 116.01 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $1.04 EPS. The firm’s 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. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

About CrowdStrike

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.