Forum Financial Management LP Raises Holdings in CrowdStrike $CRWD

Forum Financial Management LP grew its position in shares of CrowdStrike (NASDAQ:CRWD) by 12.3% in the second quarter, HoldingsChannel reports. The firm owned 1,479 shares of the company’s stock after buying an additional 162 shares during the quarter. Forum Financial Management LP’s holdings in CrowdStrike were worth $753,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after purchasing an additional 5,998 shares in the last quarter. Drucker Wealth 3.0 LLC purchased a new position in shares of CrowdStrike during the second quarter valued at about $397,000. Pegasus Asset Management Inc. grew its position in shares of CrowdStrike by 3.4% during the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock valued at $1,238,000 after purchasing an additional 79 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of CrowdStrike during the second quarter valued at about $899,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 4.4%

Shares of NASDAQ:CRWD opened at $521.98 on Friday. CrowdStrike has a 1 year low of $294.68 and a 1 year high of $522.43. The business has a 50 day simple moving average of $461.36 and a two-hundred day simple moving average of $452.92. The firm has a market capitalization of $131.00 billion, a PE ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the business’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 completion of the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 $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 158,090 shares of company stock worth $75,500,649 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Capital One Financial lifted their price target on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research report on Tuesday, September 23rd. DZ Bank lowered CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target for the company. in a research report on Wednesday, September 24th. Barclays lifted their price target on CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, BMO Capital Markets lifted their price target on CrowdStrike from $450.00 to $500.00 and gave the stock an “outperform” rating 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 given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.47.

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.