Novare Capital Management LLC Takes $324,000 Position in CrowdStrike $CRWD

Novare Capital Management LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 637 shares of the company’s stock, valued at approximately $324,000.

Several other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after acquiring an additional 98 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of CrowdStrike by 33.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock worth $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $397,000. Finally, Pegasus Asset Management Inc. lifted its holdings in shares of CrowdStrike by 3.4% in the 2nd quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock worth $1,238,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, Director Johanna Flower sold 2,347 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total value of $1,152,330.06. Following the sale, the director directly owned 79,057 shares in the company, valued at approximately $38,815,405.86. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,762 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $482.41, for a total transaction of $850,006.42. Following the completion of the sale, the chief accounting officer owned 37,255 shares in the company, valued at $17,972,184.55. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CRWD. Scotiabank upgraded shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $440.00 to $600.00 in a report on Thursday, September 25th. JMP Securities upped their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 23rd. Stephens upped their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Macquarie upped their price objective on shares of CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Capital One Financial upped their price objective on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $494.95.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $484.65 on Friday. 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 has a 52 week low of $294.68 and a 52 week high of $517.98. The stock has a market capitalization of $121.63 billion, a PE ratio of -407.27, a P/E/G ratio of 113.89 and a beta of 1.19. The firm has a 50 day moving average of $455.15 and a two-hundred day moving average of $448.87.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $1.04 EPS. The company’s revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, research analysts predict 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.