Banco BTG Pactual S.A. Cuts Stake in CrowdStrike $CRWD

Key Points

• Banco BTG Pactual S.A. significantly reduced its holdings in CrowdStrike by selling 7,095 shares, resulting in a 92.2% decrease in its position, leaving them with only 597 shares valued at $210,000.
• Several hedge funds have adjusted their stakes in CrowdStrike, with Blue Trust Inc. increasing its holdings by 20.4% and Voya Investment Management growing its position by 43.5% in the last quarter.
• Research analysts have raised price targets for CrowdStrike, with BMO Capital Markets setting a new target at $500.00 and Truist Financial also increasing its target to the same figure, indicating a strong market interest in the company's stock.

Banco BTG Pactual S.A. trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 92.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 597 shares of the company's stock after selling 7,095 shares during the quarter. Banco BTG Pactual S.A.'s holdings in CrowdStrike were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares in the last quarter. Invesco Ltd. lifted its stake in shares of CrowdStrike by 16.4% during the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after buying an additional 352,473 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of CrowdStrike by 2.8% during the 1st quarter. Northern Trust Corp now owns 2,334,739 shares of the company's stock valued at $823,182,000 after buying an additional 63,017 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial restated a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Susquehanna upped their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Stifel Nicolaus upped their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 price target on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, Raymond James Financial restated an "outperform" rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $460.81.

Insider Transactions at CrowdStrike

In other news, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock worth $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $6.49 during trading on Friday, reaching $420.55. The company had a trading volume of 2,196,622 shares, compared to its average volume of 2,611,488. The company has a fifty day moving average of $467.34 and a two-hundred day moving average of $427.49. The stock has a market capitalization of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

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

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.