Convergence Financial LLC Increases Holdings in CrowdStrike $CRWD

Convergence Financial LLC grew its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 52.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,460 shares of the company’s stock after acquiring an additional 502 shares during the quarter. Convergence Financial LLC’s holdings in CrowdStrike were worth $744,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CRWD. Vanguard Group Inc. lifted its stake in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Jennison Associates LLC increased 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% 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 acquiring an additional 955,529 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in CrowdStrike by 39.9% during 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 period. Finally, Invesco Ltd. grew its position in CrowdStrike by 16.4% during the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock worth $883,713,000 after acquiring an additional 352,473 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $533.92 on Wednesday. The stock has a market cap of $133.99 billion, a price-to-earnings ratio of -448.67, a PEG ratio of 129.70 and a beta of 1.16. The business’s fifty day moving average is $480.44 and its 200 day moving average is $464.34. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $555.81. 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 (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last 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. Research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Cfra reiterated a “hold” rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Sanford C. Bernstein lowered their price target on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a research report on Thursday, August 28th. Zacks Research lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Robert W. Baird upped their target price on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Scotiabank upgraded shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $440.00 to $600.00 in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $510.80.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares of the company’s stock, valued at approximately $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares in the company, valued at approximately $421,153,891.20. This represents a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,622 shares of company stock valued at $58,561,456 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

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.