Cresset Asset Management LLC Lowers Stake in CrowdStrike $CRWD

Key Points

• Cresset Asset Management LLC reduced its stake in CrowdStrike by 4.9%, selling 1,020 shares and ending with 20,001 shares valued at approximately $7.05 million.
• Analysts have issued mixed ratings for CrowdStrike, with target prices ranging from $371.00 to $530.00, while the stock holds a consensus rating of Moderate Buy.
• Insider trading activity includes Director Roxanne S. Austin selling 9,447 shares for about $4.84 million, representing a significant decrease in her ownership.

Cresset Asset Management LLC trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,001 shares of the company's stock after selling 1,020 shares during the quarter. Cresset Asset Management LLC's holdings in CrowdStrike were worth $7,052,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike in the first quarter worth $25,000. Vision Financial Markets LLC purchased a new position in CrowdStrike in the first quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its holdings in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in CrowdStrike in the first quarter worth $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $3.8730 during mid-day trading on Thursday, hitting $415.2970. The company's stock had a trading volume of 682,875 shares, compared to its average volume of 3,675,641. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $103.51 billion, a price-to-earnings ratio of -600.78 and a beta of 1.13. The business's fifty day moving average is $469.89 and its two-hundred day moving average is $427.29.

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

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 in the last 90 days. 3.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on CRWD. BMO Capital Markets lifted their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a report on Thursday, May 22nd. Wedbush lifted their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $460.81.

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.