CrowdStrike $CRWD Stake Lessened by Leelyn Smith LLC

Leelyn Smith LLC lessened its holdings in CrowdStrike (NASDAQ:CRWD) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,645 shares of the company’s stock after selling 81 shares during the quarter. Leelyn Smith LLC’s holdings in CrowdStrike were worth $3,384,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Richards Merrill & Peterson Inc. raised its position in CrowdStrike by 5.9% in the second quarter. Richards Merrill & Peterson Inc. now owns 1,072 shares of the company’s stock worth $546,000 after acquiring an additional 60 shares in the last quarter. Sage Mountain Advisors LLC raised its position in CrowdStrike by 27.6% in the second quarter. Sage Mountain Advisors LLC now owns 1,086 shares of the company’s stock worth $553,000 after acquiring an additional 235 shares in the last quarter. AlphaQuest LLC bought a new stake in CrowdStrike in the second quarter worth about $26,000. MN Wealth Advisors LLC bought a new stake in CrowdStrike in the second quarter worth about $262,000. Finally, West Michigan Advisors LLC acquired a new stake in CrowdStrike during the 2nd quarter worth about $355,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. Needham & Company LLC boosted their price objective on CrowdStrike from $475.00 to $535.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Stephens lifted their target price on CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. DA Davidson lifted their target price on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Mizuho lifted their target price on CrowdStrike from $430.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Finally, Daiwa Capital Markets lifted their target price on CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $496.47.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company’s stock, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Up 1.0%

Shares of CRWD stock opened at $527.32 on Friday. The stock has a 50 day moving average of $463.35 and a 200-day moving average of $454.32. 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 firm has a market cap of $132.34 billion, a PE ratio of -443.12, a price-to-earnings-growth ratio of 122.66 and a beta of 1.19. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $535.52.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) 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 analyst estimates 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 revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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. On average, equities analysts predict that CrowdStrike will post 0.55 EPS for the current 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.