Envestnet Asset Management Inc. Buys 30,566 Shares of CrowdStrike $CRWD

Envestnet Asset Management Inc. grew its stake in shares of CrowdStrike (NASDAQ:CRWD) by 9.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 340,634 shares of the company’s stock after purchasing an additional 30,566 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of CrowdStrike worth $173,482,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after acquiring an additional 98 shares in the last quarter. Draper Asset Management LLC grew its holdings in shares of CrowdStrike by 59.1% in the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock valued at $2,176,000 after acquiring an additional 1,619 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after acquiring an additional 5,998 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of CrowdStrike in the second quarter valued at approximately $397,000. Finally, Pegasus Asset Management Inc. grew its holdings in shares of CrowdStrike by 3.4% in the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock valued at $1,238,000 after acquiring an additional 79 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 0.5%

NASDAQ:CRWD opened at $529.70 on Tuesday. The company has a market cap of $132.93 billion, a P/E ratio of -445.12, a P/E/G ratio of 123.92 and a beta of 1.19. The stock’s fifty day moving average price is $465.42 and its two-hundred day moving average price is $456.82. CrowdStrike has a 1 year low of $294.68 and a 1 year high of $535.52. 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 posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion for 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%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other CrowdStrike news, Director Johanna Flower sold 2,347 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the sale, the director owned 79,057 shares in the company, valued at $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,762 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total value of $850,006.42. Following the sale, the chief accounting officer owned 37,255 shares in the company, valued at approximately $17,972,184.55. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,090 shares of company stock valued at $75,500,649. 3.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRWD. Bank of America upped their target price on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a report on Monday, October 20th. BTIG Research reaffirmed a “buy” rating and issued a $489.00 target price on shares of CrowdStrike in a report on Thursday, September 18th. Mizuho upped their price objective on CrowdStrike from $430.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Finally, KeyCorp upped their price objective on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $496.47.

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.