Grassi Investment Management Increases Stake in CrowdStrike $CRWD

Grassi Investment Management increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 2.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,078 shares of the company’s stock after purchasing an additional 28 shares during the period. Grassi Investment Management’s holdings in CrowdStrike were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares in the last quarter. Jennison Associates LLC raised its position in 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 acquiring an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CrowdStrike by 52.6% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its position in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after acquiring an additional 760,222 shares in the last quarter. Finally, Invesco Ltd. raised its position in CrowdStrike by 16.4% in the first 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the sale, the president directly owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,816 shares of company stock valued at $62,606,356. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Truist Financial increased their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Piper Sandler dropped their price objective on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Finally, Evercore ISI raised their price objective on CrowdStrike from $405.00 to $430.00 in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $487.11.

CrowdStrike Stock Performance

CrowdStrike stock opened at $489.88 on Friday. 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 fifty day moving average of $446.22 and a two-hundred day moving average of $439.56. The company has a market capitalization of $122.94 billion, a price-to-earnings ratio of -411.66, a PEG ratio of 116.74 and a beta of 1.19. CrowdStrike has a fifty-two week low of $283.80 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.