Wrapmanager Inc. Trims Position in CrowdStrike $CRWD

Wrapmanager Inc. decreased its stake in shares of CrowdStrike (NASDAQ:CRWD) by 17.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239 shares of the company’s stock after selling 258 shares during the quarter. Wrapmanager Inc.’s holdings in CrowdStrike were worth $631,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. L & S Advisors Inc increased its position in shares of CrowdStrike by 18.2% during the second quarter. L & S Advisors Inc now owns 12,199 shares of the company’s stock worth $6,213,000 after acquiring an additional 1,876 shares during the period. King Wealth Management Group grew its stake in CrowdStrike by 153.9% in the second quarter. King Wealth Management Group now owns 26,830 shares of the company’s stock worth $13,665,000 after purchasing an additional 16,261 shares in the last quarter. Donoghue Forlines LLC bought a new position in CrowdStrike in the second quarter worth approximately $2,886,000. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in CrowdStrike by 10.9% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 48,761 shares of the company’s stock worth $24,814,000 after purchasing an additional 4,778 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $254,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 6,975 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 2,108,082 shares in the company, valued at approximately $1,159,213,210.98. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,000 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the transaction, the president owned 354,116 shares in the company, valued at approximately $182,369,740. This trade represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 116,622 shares of company stock valued at $58,561,456. 3.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Evercore ISI upped their target price on CrowdStrike from $405.00 to $430.00 in a report on Thursday, September 18th. KeyCorp lifted their price objective on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Arete Research set a $706.00 target price on shares of CrowdStrike in a report on Tuesday, October 28th. Arete raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 target price on the stock in a research report on Tuesday, October 28th. Finally, Scotiabank raised shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $515.60.

CrowdStrike Price Performance

NASDAQ CRWD opened at $529.78 on Friday. The firm’s fifty day simple moving average is $497.35 and its two-hundred day simple moving average is $470.67. The firm has a market capitalization of $132.95 billion, a P/E ratio of -445.19, a P/E/G ratio of 128.27 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm earned $1.04 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal 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.