CrowdStrike $CRWD Position Lessened by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in CrowdStrike by 14.4%, selling 252,488 shares, and now holds about 1.5 million shares worth $529.65 million.
• In recent insider activity, CFO Burt W. Podbere and CEO George Kurtz sold shares totaling over $24 million on August 5th, reducing their ownership percentages.
• CrowdStrike's stock recently opened at $414.06 and has a market cap of $103.20 billion, with a consensus rating of "Moderate Buy" from analysts.

Ameriprise Financial Inc. cut its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,501,586 shares of the company's stock after selling 252,488 shares during the quarter. Ameriprise Financial Inc. owned 0.61% of CrowdStrike worth $529,650,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of 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 purchasing an additional 40 shares during the period. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.6%

Shares of CrowdStrike stock traded up $6.49 during midday trading on Friday, hitting $420.55. The company's stock had a trading volume of 2,196,622 shares, compared to its average volume of 2,611,488. The firm has a market capitalization of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13. The stock has a 50-day simple moving average of $467.34 and a 200-day simple moving average of $427.56. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer directly owned 231,130 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 in the last quarter. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. Morgan Stanley reissued an "equal weight" rating and set a $495.00 price objective (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. Scotiabank raised their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a research note on Monday, July 7th. Roth Capital raised their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Jefferies Financial Group raised their price objective on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $460.81.

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.