AlphaCore Capital LLC Trims Stock Holdings in CrowdStrike $CRWD

AlphaCore Capital LLC lessened its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 89.0% in the second quarter, Holdings Channel.com reports. The firm owned 747 shares of the company’s stock after selling 6,036 shares during the period. AlphaCore Capital LLC’s holdings in CrowdStrike were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mufg Securities Americas Inc. increased its stake in shares of CrowdStrike by 26.6% in the second quarter. Mufg Securities Americas Inc. now owns 5,520 shares of the company’s stock worth $2,811,000 after buying an additional 1,160 shares during the last quarter. Evelyn Partners Investment Management Services Ltd acquired a new position in CrowdStrike during the 2nd quarter worth $167,000. Journey Strategic Wealth LLC increased its position in shares of CrowdStrike by 46.6% in the 2nd quarter. Journey Strategic Wealth LLC now owns 2,158 shares of the company’s stock worth $1,099,000 after purchasing an additional 686 shares during the last quarter. CFC Planning Co LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $641,000. Finally, Legal & General Group Plc raised its stake in shares of CrowdStrike by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 1,908,062 shares of the company’s stock valued at $971,795,000 after purchasing an additional 75,087 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.20, for a total transaction of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares of the company’s stock, valued at $421,153,891.20. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 6,975 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the completion of the sale, the chief executive officer owned 2,108,082 shares of the company’s stock, valued at $1,159,213,210.98. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 116,622 shares of company stock valued at $58,561,456. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 3.3%

Shares of CrowdStrike stock opened at $506.82 on Tuesday. The business has a fifty day simple moving average of $509.19 and a 200-day simple moving average of $475.23. The firm has a market cap of $127.19 billion, a price-to-earnings ratio of -425.90, a price-to-earnings-growth ratio of 115.30 and a beta of 1.16. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 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 business 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 business posted $1.04 earnings per share. CrowdStrike’s 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 analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on CRWD shares. BMO Capital Markets boosted their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Robert W. Baird boosted their price target on CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, November 14th. New Street Research set a $460.00 price target on CrowdStrike in a research report on Thursday, August 28th. Roth Capital restated a “buy” rating and set a $510.00 price objective (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $537.93.

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.