Fifth Third Bancorp Buys 19,872 Shares of CrowdStrike $CRWD

Fifth Third Bancorp raised its stake in CrowdStrike (NASDAQ:CRWD) by 29.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 88,113 shares of the company’s stock after purchasing an additional 19,872 shares during the quarter. Fifth Third Bancorp’s holdings in CrowdStrike were worth $44,877,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in 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. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. grew its stake in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after purchasing an additional 98 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in CrowdStrike by 33.2% during the 1st 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 during the period. Finally, Benchmark Investment Advisors LLC increased its holdings in CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company’s stock valued at $3,613,000 after purchasing an additional 4,877 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.6%

Shares of CrowdStrike stock opened at $476.33 on Thursday. CrowdStrike has a 1 year low of $272.67 and a 1 year high of $517.98. The firm has a market cap of $119.54 billion, a price-to-earnings ratio of -400.27, a PEG ratio of 113.76 and a beta of 1.12. The company has a 50-day moving average of $443.62 and a 200 day moving average of $432.52. 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 quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping 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 analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business’s revenue 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. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRWD shares. Barclays increased their price objective on CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. KeyCorp raised their price target on CrowdStrike from $495.00 to $510.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. New Street Research set a $460.00 price objective on shares of CrowdStrike in a research report on Thursday, August 28th. Robert W. Baird upped their price objective on shares of CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Truist Financial lifted their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $480.07.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the sale, the director directly owned 781,011 shares of the company’s stock, valued at approximately $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold 129,066 shares of company stock worth $60,934,078 over the last quarter. 3.32% of the stock is currently owned by company 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.