Clark Asset Management LLC Buys New Shares in CrowdStrike $CRWD

Clark Asset Management LLC bought a new stake in CrowdStrike (NASDAQ:CRWD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 622 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the first quarter worth about $26,000. AlphaQuest LLC acquired a new stake in CrowdStrike during the second quarter worth about $26,000. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike during the first quarter worth about $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. Capital One Financial upped their price target on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Stephens upped their target price on CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Macquarie upped their target price on CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Truist Financial upped their target price on CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group upped their target price on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $505.78.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 42,267 shares of the 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The shares were 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 directly owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 163,090 shares of company stock worth $78,144,499. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 3.3%

Shares of CRWD opened at $546.94 on Wednesday. The company has a market capitalization of $137.26 billion, a P/E ratio of -459.61, a P/E/G ratio of 124.48 and a beta of 1.19. CrowdStrike has a one year low of $294.68 and a one year high of $553.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50-day moving average price of $467.99 and a 200 day moving average price of $458.06.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during 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%.CrowdStrike’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS 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.