BOCHK Asset Management Ltd Sells 24,891 Shares of CrowdStrike $CRWD

Key Points

• BOCHK Asset Management Ltd significantly reduced its stake in CrowdStrike, selling 24,891 shares and lowering its ownership by 96.1% to just 1,000 shares.
• Other institutional investors increased their holdings, with notable increases from Financial Management Professionals Inc. and E Fund Management Hong Kong Co. Ltd., who boosted their positions significantly in the second quarter.
• CrowdStrike reported a positive earnings surprise, with an EPS of $0.93, outperforming estimates, and a revenue increase of 21.4% compared to the same quarter last year.

BOCHK Asset Management Ltd cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 96.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company's stock after selling 24,891 shares during the period. CrowdStrike comprises approximately 0.1% of BOCHK Asset Management Ltd's holdings, making the stock its 24th largest holding. BOCHK Asset Management Ltd's holdings in CrowdStrike were worth $509,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock valued at $36,000 after acquiring an additional 34 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC lifted 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 purchasing an additional 40 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% in the first 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. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 2.0%

NASDAQ:CRWD opened at $499.96 on Thursday. The stock has a 50-day simple moving average of $445.08 and a 200 day simple moving average of $437.78. CrowdStrike has a 52-week low of $274.86 and a 52-week high of $517.98. The company has a market cap of $125.47 billion, a PE ratio of -420.13, a PEG ratio of 115.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The business's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of CrowdStrike from $450.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. UBS Group cut their price objective on CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. The Goldman Sachs Group increased their target price on CrowdStrike from $492.00 to $535.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Susquehanna lifted their price target on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Finally, KeyCorp upped their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $484.95.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares in the company, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 112,816 shares of company stock valued at $52,606,356 in the last three months. 3.32% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.