Newbridge Financial Services Group Inc. Grows Stake in CrowdStrike $CRWD

Newbridge Financial Services Group Inc. grew its holdings in CrowdStrike (NASDAQ:CRWD) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,298 shares of the company’s stock after purchasing an additional 1,408 shares during the period. CrowdStrike comprises about 2.3% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 7th biggest holding. Newbridge Financial Services Group Inc.’s holdings in CrowdStrike were worth $13,903,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in CrowdStrike by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares during the last quarter. State Street Corp grew its stake in shares of CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after acquiring an additional 370,965 shares during the period. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Finally, Norges Bank purchased a new stake in CrowdStrike in the second quarter worth approximately $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Monday, November 24th. Needham & Company LLC upped their price objective on CrowdStrike from $535.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. New Street Research set a $460.00 target price on CrowdStrike in a research report on Thursday, August 28th. DZ Bank lowered shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target for the company. in a research report on Wednesday, September 24th. Finally, Zacks Research upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $554.65.

CrowdStrike Stock Down 2.5%

CRWD stock opened at $504.78 on Friday. The business’s 50-day moving average price is $517.20 and its 200-day moving average price is $481.94. The stock has a market cap of $127.26 billion, a P/E ratio of -400.62, a PEG ratio of 122.18 and a beta of 1.09. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $0.93 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 6,975 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the sale, the chief executive officer directly owned 2,108,082 shares in the company, valued at $1,159,213,210.98. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 1,957 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the completion of the transaction, the chief financial officer directly owned 218,467 shares of the company’s stock, valued at $120,246,421.47. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,595 shares of company stock valued at $61,294,989. Company 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.