Ancora Advisors LLC Cuts Stock Holdings in CrowdStrike $CRWD

Key Points

• Ancora Advisors LLC has reduced its stake in CrowdStrike by 63.3%, selling 1,972 shares, and now owns 1,142 shares valued at approximately $403,000.
• Despite insider sales by executives, CrowdStrike reported a 21.4% year-over-year increase in revenue, with earnings per share exceeding analysts' estimates.
• Institutional investors control approximately 71.16% of CrowdStrike, reflecting a shift in investment interest as several firms have either initiated new positions or increased their stakes in the company.

Ancora Advisors LLC trimmed its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 63.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,142 shares of the company's stock after selling 1,972 shares during the quarter. Ancora Advisors LLC's holdings in CrowdStrike were worth $403,000 at the end of the most recent quarter.

Other institutional investors 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 approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings 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 in the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johanna Flower sold 2,073 shares of CrowdStrike 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 trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,164 shares of company stock valued at $88,876,050. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRWD. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Rosenblatt Securities cut their target price on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Susquehanna raised their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Wedbush reissued a "buy" rating on shares of CrowdStrike in a report on Thursday, August 28th. Finally, DZ Bank raised shares of CrowdStrike from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. One 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 MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.10.

CrowdStrike Price Performance

CRWD traded up $5.17 during trading on Friday, reaching $417.63. The company had a trading volume of 2,167,665 shares, compared to its average volume of 3,230,501. The business has a 50 day simple moving average of $453.56 and a 200-day simple moving average of $426.21. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue was up 21.4% on a year-over-year basis. During the same period last 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. As a group, research analysts predict that CrowdStrike will post 0.55 earnings per share 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.