Hartline Investment Corp Lowers Stock Position in CrowdStrike $CRWD

Hartline Investment Corp decreased its position in shares of CrowdStrike (NASDAQ:CRWD) by 26.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,477 shares of the company’s stock after selling 1,259 shares during the period. Hartline Investment Corp’s holdings in CrowdStrike were worth $1,771,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Chevy Chase Trust Holdings LLC boosted its stake in shares of CrowdStrike by 33.3% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 248,546 shares of the company’s stock worth $126,587,000 after acquiring an additional 62,112 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of CrowdStrike by 31.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 22,152 shares of the company’s stock worth $11,282,000 after acquiring an additional 5,279 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of CrowdStrike by 17.9% during the 2nd quarter. Angeles Wealth Management LLC now owns 889 shares of the company’s stock worth $453,000 after acquiring an additional 135 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of CrowdStrike by 3.6% during the 2nd quarter. Nordea Investment Management AB now owns 800,068 shares of the company’s stock worth $405,971,000 after acquiring an additional 27,720 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in shares of CrowdStrike by 57.4% during the 2nd quarter. Activest Wealth Management now owns 277 shares of the company’s stock worth $141,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.5%

CRWD stock opened at $484.65 on Friday. The company has a market cap of $121.63 billion, a price-to-earnings ratio of -407.27, a PEG ratio of 113.32 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $455.15 and a 200-day simple moving average of $448.34. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s quarterly 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. On average, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Robert W. Baird upped their target price on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Scotiabank raised CrowdStrike from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. Daiwa Capital Markets upped their target price on CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Evercore ISI upped their target price on CrowdStrike from $405.00 to $430.00 in a research note on Thursday, September 18th. Finally, KeyCorp upped their target price on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating 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, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.95.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,090 shares of company stock valued at $75,500,649. Corporate insiders own 3.32% of the company’s stock.

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.