City State Bank Sells 500 Shares of CrowdStrike $CRWD

Key Points

• City State Bank reduced its holdings in CrowdStrike by 25.2%, selling 500 shares, and currently owns 1,483 shares valued at $755,000.
• Brokerage firms have recently issued ratings, with Roth Capital raising its price target to $510.00 and Morgan Stanley raising it to $475.00 for CrowdStrike.
• Insider selling included the president and CEO trimming their stakes, with significant sales recorded, indicating potential shifts in the company's ownership dynamics.

City State Bank reduced its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 25.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,483 shares of the company's stock after selling 500 shares during the quarter. City State Bank's holdings in CrowdStrike were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $26,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $26,000. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $30,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWD. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research note on Thursday, September 18th. Roth Capital reaffirmed a "buy" rating and issued a $510.00 price target (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Morgan Stanley upped their price target on CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research note on Thursday, September 18th. Robert W. Baird upped their price target on CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $496.47.

CrowdStrike Trading Up 1.0%

NASDAQ:CRWD opened at $527.32 on Friday. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $535.52. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $463.35 and a two-hundred day moving average price of $454.32. The company has a market cap of $132.34 billion, a P/E ratio of -443.12, a price-to-earnings-growth ratio of 122.66 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results 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. 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 the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business's revenue 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. As a group, analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares of the company's stock, valued at $189,558,000. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on 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 trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,090 shares of company stock worth $75,500,649. Insiders own 3.32% of the company's stock.

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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