1832 Asset Management L.P. Decreases Stock Position in CrowdStrike $CRWD

1832 Asset Management L.P. lessened its stake in CrowdStrike (NASDAQ:CRWD) by 73.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Financial Gravity Companies Inc. purchased a new stake in CrowdStrike in the second quarter worth about $33,000. Saudi Central Bank purchased a new stake in CrowdStrike in the first quarter worth about $34,000. Financial Management Professionals Inc. boosted its position in CrowdStrike by 91.9% during 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 in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of CrowdStrike during the 2nd quarter worth approximately $36,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CRWD shares. Needham & Company LLC raised their target price on CrowdStrike from $535.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday. New Street Research set a $460.00 price objective on CrowdStrike in a report on Thursday, August 28th. Truist Financial boosted their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Susquehanna upped their target price on shares of CrowdStrike from $530.00 to $600.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, UBS Group increased their price target on shares of CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $555.51.

CrowdStrike Stock Down 2.1%

CrowdStrike stock opened at $513.12 on Friday. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The stock has a fifty day simple moving average of $514.40 and a two-hundred day simple moving average of $479.02. The company has a current ratio of 1.81, a quick ratio of 1.88 and a debt-to-equity ratio of 0.18. The firm has a market cap of $128.77 billion, a price-to-earnings ratio of -407.24, a PEG ratio of 123.56 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $0.93 earnings per share. The company’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. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the sale, the president owned 354,116 shares in the company, valued at approximately $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction that occurred on 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 completion of the sale, the director directly owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. This trade represents a 2.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 110,372 shares of company stock worth $55,996,956. 3.32% of the stock is owned by corporate insiders.

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.