CrowdStrike $CRWD Shares Sold by Black Swift Group LLC

Black Swift Group LLC cut its stake in shares of CrowdStrike (NASDAQ:CRWD) by 31.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,280 shares of the company’s stock after selling 6,945 shares during the period. CrowdStrike makes up approximately 1.6% of Black Swift Group LLC’s holdings, making the stock its 17th largest holding. Black Swift Group LLC’s holdings in CrowdStrike were worth $7,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ethos Financial Group LLC acquired a new position in CrowdStrike during the 2nd quarter worth approximately $287,000. Stone House Investment Management LLC lifted its position in CrowdStrike by 22.0% during the 2nd quarter. Stone House Investment Management LLC now owns 233 shares of the company’s stock worth $119,000 after acquiring an additional 42 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in CrowdStrike by 6.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 81,579 shares of the company’s stock worth $41,419,000 after acquiring an additional 5,105 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in CrowdStrike during the 2nd quarter worth approximately $769,000. Finally, Convergence Financial LLC lifted its position in CrowdStrike by 52.4% during the 2nd quarter. Convergence Financial LLC now owns 1,460 shares of the company’s stock worth $744,000 after acquiring an additional 502 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Arete Research set a $706.00 price objective on CrowdStrike in a report on Tuesday, October 28th. Robert W. Baird upped their target price on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. KeyCorp upped their target price on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Bank of America upped their target price on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, BTIG Research upped their target price on CrowdStrike from $489.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $510.80.

CrowdStrike Stock Up 0.0%

Shares of NASDAQ:CRWD opened at $534.14 on Thursday. The stock has a market capitalization of $134.05 billion, a price-to-earnings ratio of -448.85, a price-to-earnings-growth ratio of 125.47 and a beta of 1.16. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $555.81. The company’s fifty day moving average is $482.67 and its two-hundred day moving average is $464.82. 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 issued its earnings results 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. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 10,706 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 17,830 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at approximately $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 116,622 shares of company stock valued at $58,561,456 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

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.