ARK Investment Management LLC Trims Stock Holdings in CrowdStrike $CRWD

Key Points

• ARK Investment Management LLC reduced its stake in CrowdStrike by 9.9% during the second quarter, holding a total of 122,391 shares valued at approximately $62.3 million post-sale.
• Wall Street analysts have varied ratings for CrowdStrike, with a consensus price target of $496.47; analysts express optimism with multiple price target increases, including a rise to $535.00 from Bank of America.
• Insider selling has been notable, with key executives offloading shares, including a significant sell by President Michael Sentonas of 10,000 shares for a total of $5.15 million.

ARK Investment Management LLC trimmed its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,391 shares of the company's stock after selling 13,517 shares during the quarter. ARK Investment Management LLC's holdings in CrowdStrike were worth $62,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rehmann Capital Advisory Group raised its holdings in shares of CrowdStrike by 1.6% in the second quarter. Rehmann Capital Advisory Group now owns 2,374 shares of the company's stock worth $1,209,000 after buying an additional 37 shares during the period. Dudley Capital Management LLC grew its stake in CrowdStrike by 0.9% in the second quarter. Dudley Capital Management LLC now owns 7,052 shares of the company's stock worth $3,592,000 after purchasing an additional 60 shares in the last quarter. Covenant Partners LLC bought a new position in CrowdStrike in the second quarter worth approximately $224,000. Clifford Swan Investment Counsel LLC bought a new position in CrowdStrike in the second quarter worth approximately $261,000. Finally, Onyx Bridge Wealth Group LLC grew its stake in CrowdStrike by 14.3% in the second quarter. Onyx Bridge Wealth Group LLC now owns 2,713 shares of the company's stock worth $1,382,000 after purchasing an additional 340 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Roth Capital reissued a "buy" rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Canaccord Genuity Group increased their price objective on CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a research note on Monday, September 22nd. Bank of America increased their target price on CrowdStrike from $470.00 to $535.00 and gave the company a "neutral" rating in a research report on Monday. Stifel Nicolaus increased their target price on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Finally, Cantor Fitzgerald increased their target price on CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $496.47.

Insider Transactions at CrowdStrike

In related news, Director Johanna Flower sold 2,347 shares of the firm's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the completion of the transaction, the director owned 79,057 shares in the company, valued at $38,815,405.86. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 10,000 shares of the firm's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares of the company's stock, valued at $182,369,740. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Up 0.1%

CrowdStrike stock opened at $503.95 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $126.47 billion, a price-to-earnings ratio of -423.48, a PEG ratio of 118.34 and a beta of 1.19. CrowdStrike has a 1-year low of $294.68 and a 1-year high of $517.98. The business has a fifty day moving average price of $458.06 and a 200-day moving average price of $451.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal 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.

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