FourThought Financial Partners LLC Cuts Stock Position in CrowdStrike $CRWD

FourThought Financial Partners LLC trimmed its position in shares of CrowdStrike (NASDAQ:CRWD) by 47.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,619 shares of the company’s stock after selling 5,001 shares during the period. FourThought Financial Partners LLC’s holdings in CrowdStrike were worth $2,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in CrowdStrike by 9.8% in the first quarter. Avantax Advisory Services Inc. now owns 14,138 shares of the company’s stock worth $4,985,000 after purchasing an additional 1,265 shares during the last quarter. Assetmark Inc. boosted its position in CrowdStrike by 20.9% during the first quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $222,000 after buying an additional 109 shares during the period. HB Wealth Management LLC boosted its position in CrowdStrike by 6.8% during the first quarter. HB Wealth Management LLC now owns 8,143 shares of the company’s stock valued at $2,871,000 after buying an additional 519 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of CrowdStrike by 20.9% during the first quarter. TD Asset Management Inc now owns 156,940 shares of the company’s stock valued at $55,334,000 after buying an additional 27,165 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Macquarie boosted their target price on CrowdStrike from $465.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. DA Davidson increased their price objective on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. UBS Group cut their target price on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Robert W. Baird upped their price target on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, Barclays raised their price target on shares of CrowdStrike from $515.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $537.93.

CrowdStrike Trading Up 3.3%

NASDAQ:CRWD opened at $506.82 on Tuesday. The company has a 50-day moving average price of $509.19 and a 200-day moving average price of $475.23. The stock has a market cap of $127.19 billion, a price-to-earnings ratio of -425.90, a P/E/G ratio of 115.30 and a beta of 1.16. 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 $298.00 and a 12 month high of $566.90.

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 Transactions at CrowdStrike

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 value of $5,306,643.02. Following the sale, the chief financial officer directly owned 220,424 shares of the company’s stock, valued at $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,622 shares of company stock worth $58,561,456 over the last quarter. 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.