Brookstone Capital Management Cuts Holdings in CrowdStrike $CRWD

Brookstone Capital Management trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,605 shares of the company’s stock after selling 8,071 shares during the period. Brookstone Capital Management’s holdings in CrowdStrike were worth $32,395,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after buying an additional 955,529 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after buying an additional 760,222 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of CrowdStrike by 16.4% in the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock worth $883,713,000 after buying an additional 352,473 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Bank of America lifted their target price on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Stephens lifted their target price on CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. TD Cowen lifted their target price on CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.47.

Insider Transactions at CrowdStrike

In other news, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the sale, the director directly owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,090 shares of company stock valued at $75,500,649. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $503.95 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $458.06 and its two-hundred day simple moving average is $451.22. The stock has a market cap of $126.47 billion, a PE ratio of -423.48, a P/E/G ratio of 118.34 and a beta of 1.19. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, 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.