Beacon Capital Management LLC Cuts Holdings in CrowdStrike $CRWD

Beacon Capital Management LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD) by 42.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366 shares of the company’s stock after selling 275 shares during the quarter. Beacon Capital Management LLC’s holdings in CrowdStrike were worth $186,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC raised its holdings in shares of CrowdStrike by 7.3% during the 2nd quarter. Tritonpoint Wealth LLC now owns 789 shares of the company’s stock valued at $402,000 after buying an additional 54 shares in the last quarter. Sonora Investment Management Group LLC grew its holdings in shares of CrowdStrike by 4.5% during the 2nd quarter. Sonora Investment Management Group LLC now owns 1,933 shares of the company’s stock valued at $984,000 after purchasing an additional 83 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in CrowdStrike in the 2nd quarter worth $216,000. Avior Wealth Management LLC lifted its stake in CrowdStrike by 12.1% in the second quarter. Avior Wealth Management LLC now owns 1,893 shares of the company’s stock worth $964,000 after purchasing an additional 204 shares during the last quarter. Finally, TBH Global Asset Management LLC lifted its stake in CrowdStrike by 19.8% in the second quarter. TBH Global Asset Management LLC now owns 1,940 shares of the company’s stock worth $988,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.8%

NASDAQ:CRWD opened at $481.42 on Friday. The company has a 50-day moving average price of $443.79 and a 200-day moving average price of $435.31. The stock has a market cap of $120.81 billion, a price-to-earnings ratio of -404.55, a P/E/G ratio of 113.13 and a beta of 1.12. 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 $272.67 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. CrowdStrike’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. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,066 shares of company stock worth $60,934,078 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CRWD. Mizuho downgraded CrowdStrike from a “hold” rating to a “strong sell” rating in a report on Wednesday. DA Davidson lifted their price target on CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Roth Capital reiterated a “buy” rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research report on Thursday, September 18th. Raymond James Financial restated an “outperform” rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Bank of America reiterated a “neutral” rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $483.79.

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.