Strs Ohio Cuts Holdings in CrowdStrike $CRWD

Strs Ohio lessened its stake in CrowdStrike (NASDAQ:CRWD) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,899 shares of the company’s stock after selling 23,421 shares during the period. Strs Ohio owned approximately 0.06% of CrowdStrike worth $78,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $26,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $26,000. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWD shares. Oppenheimer boosted their price objective on shares of CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Arete upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price target for the company in a report on Tuesday. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, October 15th. Mizuho upped their price objective on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, Truist Financial upped their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $505.78.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the transaction, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 163,090 shares of company stock valued at $78,144,499 over the last three months. Insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $545.50 on Thursday. CrowdStrike has a one year low of $294.68 and a one year high of $553.64. The company’s 50-day moving average is $470.51 and its 200 day moving average is $459.23. The company has a market capitalization of $136.90 billion, a price-to-earnings ratio of -458.40, a price-to-earnings-growth ratio of 128.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during 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 company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. Sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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.