Patten Group Inc. Has $2.74 Million Stock Position in CrowdStrike $CRWD

Patten Group Inc. raised its holdings in CrowdStrike (NASDAQ:CRWD) by 3.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,381 shares of the company’s stock after buying an additional 172 shares during the quarter. Patten Group Inc.’s holdings in CrowdStrike were worth $2,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after buying an additional 98 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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 period. Drucker Wealth 3.0 LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $397,000. Pegasus Asset Management Inc. lifted its position 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 period. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $899,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $503.95 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $126.47 billion, a PE ratio of -423.48, a price-to-earnings-growth ratio of 118.34 and a beta of 1.19. CrowdStrike has a one year low of $294.68 and a one year high of $517.98. The business has a 50 day simple moving average of $458.06 and a 200 day simple moving average of $451.22.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business 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 was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $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, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, September 4th. The stock was 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 owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,090 shares of company stock worth $75,500,649 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Robert W. Baird raised their price objective on CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Wedbush reiterated a “buy” rating on shares of CrowdStrike in a research report on Thursday, August 28th. Truist Financial raised their price objective on CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Bank of America raised their price objective on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $496.47.

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.