BTC Capital Management Inc. Decreases Stake in CrowdStrike $CRWD

Key Points

• BTC Capital Management Inc. reduced its stake in CrowdStrike (CRWD) by 12.7% in the second quarter, currently holding 33,692 shares valued at approximately $17.1 million.
• Several institutional investors have increased their positions in CrowdStrike, with Orrstown Financial Services Inc. boosting its stake by 55.9%.
• Insider sales included Roxanne S. Austin, who sold 9,447 shares for over $4.8 million, representing a significant reduction in her ownership.

BTC Capital Management Inc. lowered its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 12.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,692 shares of the company's stock after selling 4,919 shares during the quarter. CrowdStrike accounts for about 1.4% of BTC Capital Management Inc.'s investment portfolio, making the stock its 17th largest position. BTC Capital Management Inc.'s holdings in CrowdStrike were worth $17,145,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Real Talk Capital LLC grew its holdings in CrowdStrike by 0.9% during the 1st 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 last quarter. Tradewinds Capital Management LLC increased its stake in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Close Asset Management Ltd raised its position in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares during the last quarter. Ramirez Asset Management Inc. grew its holdings in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after acquiring an additional 25 shares during the period. Finally, Cladis Investment Advisory LLC grew its position in CrowdStrike by 1.5% during the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company's stock valued at $593,000 after buying an additional 25 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $0.08 during midday trading on Friday, reaching $502.55. The company's stock had a trading volume of 7,089,967 shares, compared to its average volume of 3,994,004. The firm has a 50 day moving average price of $442.94 and a 200-day moving average price of $430.74. CrowdStrike has a 12-month low of $272.67 and a 12-month high of $517.98. The stock has a market capitalization of $126.12 billion, a P/E ratio of -422.31, a PEG ratio of 120.33 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.

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

Insider Transactions at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 81,383 shares in the company, valued at $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,734 shares of company stock worth $67,337,728. 3.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of CrowdStrike from $460.00 to $490.00 and gave the stock a "neutral" rating in a research note on Friday. Sanford C. Bernstein lowered their target price 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. Piper Sandler lowered their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Susquehanna lifted their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $473.85.

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.