1832 Asset Management L.P. Sells 169,250 Shares of CrowdStrike $CRWD

1832 Asset Management L.P. cut its stake in CrowdStrike (NASDAQ:CRWD) by 73.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,250 shares of the company’s stock after selling 169,250 shares during the period. 1832 Asset Management L.P.’s holdings in CrowdStrike were worth $30,686,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC raised its stake in shares of CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares during the last quarter. Draper Asset Management LLC grew its holdings in CrowdStrike by 59.1% during the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock worth $2,176,000 after buying an additional 1,619 shares in the last quarter. Geneos Wealth Management Inc. raised its position in CrowdStrike by 33.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after buying an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new position in CrowdStrike during the 2nd quarter valued at $397,000. Finally, Accel Wealth Management purchased a new position in CrowdStrike during the 2nd quarter worth $269,000. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 17,830 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the transaction, the chief executive officer directly owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 110,372 shares of company stock worth $55,996,956. 3.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Macquarie reiterated a “neutral” rating and issued a $485.00 target price on shares of CrowdStrike in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Truist Financial increased their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. JMP Securities boosted their target price on CrowdStrike from $500.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 23rd. Finally, TD Cowen upped their target price on CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.51.

CrowdStrike Trading Down 2.1%

Shares of CrowdStrike stock opened at $513.12 on Friday. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The stock’s 50-day simple moving average is $514.40 and its 200 day simple moving average is $479.02. The stock has a market capitalization of $128.77 billion, a P/E ratio of -407.24, a P/E/G ratio of 123.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.88 and a current ratio of 1.81.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 21.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

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.