Thrivent Financial for Lutherans Has $30.23 Million Position in CrowdStrike $CRWD

by · The Cerbat Gem

Thrivent Financial for Lutherans lifted its position in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,532 shares of the company’s stock after purchasing an additional 3,878 shares during the period. Thrivent Financial for Lutherans’ holdings in CrowdStrike were worth $30,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. AlphaQuest LLC bought a new stake in CrowdStrike in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $27,000. Financial Gravity Companies Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter worth approximately $33,000. Saudi Central Bank bought a new stake in CrowdStrike in the 1st quarter valued at $34,000. Finally, Financial Management Professionals Inc. raised its stake in CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after acquiring an additional 34 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Arete Research set a $706.00 price objective on shares of CrowdStrike in a report on Tuesday, October 28th. BTIG Research reaffirmed a “buy” rating and set a $640.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. HSBC raised their price objective on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $554.65.

Get Our Latest Stock Analysis on CRWD

CrowdStrike Stock Down 3.4%

Shares of CRWD opened at $487.47 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The firm’s 50 day moving average is $517.04 and its 200-day moving average is $482.23. The stock has a market capitalization of $122.89 billion, a PE ratio of -386.88, a P/E/G ratio of 122.18 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 1,879 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $527.51, for a total value of $991,191.29. Following the transaction, the director owned 763,027 shares in the company, valued at approximately $402,504,372.77. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction dated 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 directly owned 79,057 shares of the company’s stock, valued at $38,815,405.86. This represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,595 shares of company stock worth $61,294,989 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Company Profile

(Free Report)

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.

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