Alliancebernstein L.P. Sells 17,164 Shares of CrowdStrike $CRWD

Key Points

• Alliancebernstein L.P. has reduced its stake in CrowdStrike (CRWD) by 5.7%, now holding 283,188 shares valued at approximately $99.8 million.
• CrowdStrike's Q2 results surpassed expectations with $0.93 EPS and revenue of $1.17 billion, reflecting a 21.4% increase year-over-year.
• Brokerage reports show a mixed outlook on CrowdStrike, with price targets being adjusted downwards by firms such as Piper Sandler and Evercore ISI, while Wells Fargo raised its target.

Alliancebernstein L.P. cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,188 shares of the company's stock after selling 17,164 shares during the quarter. Alliancebernstein L.P. owned 0.11% of CrowdStrike worth $99,846,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter valued at $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $4.55 during trading on Tuesday, reaching $423.51. 2,113,323 shares of the stock traded hands, compared to its average volume of 3,703,763. The company has a market capitalization of $106.28 billion, a price-to-earnings ratio of -355.89, a P/E/G ratio of 130.70 and a beta of 1.12. The business has a fifty day simple moving average of $451.94 and a two-hundred day simple moving average of $426.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Stephens upped their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Cfra restated a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Evercore ISI reduced their price objective on CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a research note on Thursday, August 28th. Rosenblatt Securities cut their price target on CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Roth Capital increased their price target on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $460.10.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the transaction, the director directly owned 781,011 shares of the company's stock, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,734 shares of company stock worth $84,087,728 in the last quarter. Company insiders own 3.32% of the company's stock.

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.