Richards Merrill & Peterson Inc. Grows Stock Position in CrowdStrike $CRWD

Richards Merrill & Peterson Inc. raised its position in shares of CrowdStrike (NASDAQ:CRWD) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,072 shares of the company’s stock after acquiring an additional 60 shares during the period. Richards Merrill & Peterson Inc.’s holdings in CrowdStrike were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRWD. Nuveen LLC purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $595,766,000. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CrowdStrike by 52.6% during 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 worth $977,149,000 after acquiring an additional 955,529 shares during the last quarter. Vanguard Group Inc. boosted its holdings in CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. grew its position 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 acquiring an additional 760,222 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird boosted their target price on shares of CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. UBS Group lowered their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Stifel Nicolaus upped their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Capital One Financial boosted their price target on CrowdStrike from $495.00 to $519.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Finally, Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $440.00 to $600.00 in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $496.47.

CrowdStrike Trading Up 1.0%

NASDAQ CRWD opened at $527.32 on Friday. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $535.52. The company has a 50 day moving average price of $463.35 and a 200 day moving average price of $454.32. 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 firm has a market cap of $132.34 billion, a PE ratio of -443.12, a price-to-earnings-growth ratio of 122.66 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business 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 business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. 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, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the sale, the president owned 354,116 shares of the company’s stock, valued at $182,369,740. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,090 shares of company stock valued at $75,500,649. 3.32% of the stock is currently owned by corporate insiders.

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.