Beacon Investment Advisory Services Inc. Trims Holdings in CrowdStrike $CRWD

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in CrowdStrike (CRWD) by 49.3% during the second quarter, leaving them with 3,873 shares worth approximately $1.97 million.
• Several institutional investors, including Real Talk Capital and Tradewinds Capital Management, have recently modified their positions in CrowdStrike, with hedge funds owning 71.16% of the company's stock.
• Wall Street analysts have a Moderate Buy rating on CrowdStrike, with an average price target of $480.07, reflecting increased confidence in the company's growth potential.

Beacon Investment Advisory Services Inc. decreased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 49.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,873 shares of the company's stock after selling 3,772 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in CrowdStrike were worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Real Talk Capital LLC raised its position in CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after purchasing an additional 24 shares during the period. Tradewinds Capital Management LLC raised its position in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd raised its position in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the period. Ramirez Asset Management Inc. raised its position in CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after purchasing an additional 25 shares during the period. Finally, Cladis Investment Advisory LLC raised its position in CrowdStrike by 1.5% in the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company's stock valued at $593,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird lifted their target price on CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Evercore ISI lifted their price objective on CrowdStrike from $405.00 to $430.00 in a research note on Thursday, September 18th. Susquehanna lifted their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $480.07.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was 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. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,066 shares of company stock worth $60,934,078 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 1.6%

CRWD opened at $476.33 on Thursday. CrowdStrike has a 12 month low of $272.67 and a 12 month high of $517.98. The stock has a market capitalization of $119.54 billion, a price-to-earnings ratio of -400.27, a PEG ratio of 113.76 and a beta of 1.12. 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 business has a fifty day moving average price of $443.62 and a 200 day moving average price of $432.52.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the firm posted $1.04 EPS. CrowdStrike's revenue for the quarter was up 21.4% on a year-over-year basis. 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 earnings per share for the current fiscal year.

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.

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