CrowdStrike $CRWD is Bosman Wealth Management LLC's 3rd Largest Position

Key Points

• Bosman Wealth Management LLC has decreased its stake in CrowdStrike by 24.6%, making it the firm's 3rd largest position at 5.4% of their portfolio, valued at approximately $6.1 million.
• Insider transactions revealed that CEO George Kurtz and CFO Burt W. Podbere sold a combined total of 54,150 shares, collectively valued over $24 million.
• Market analysts remain optimistic, with a consensus rating of "Moderate Buy" and an average target price of $483.79 for CrowdStrike's stock, despite a recent price target adjustment by UBS from $545 to $500.

Bosman Wealth Management LLC decreased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 24.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,970 shares of the company's stock after selling 3,911 shares during the quarter. CrowdStrike comprises 5.4% of Bosman Wealth Management LLC's portfolio, making the stock its 3rd biggest holding. Bosman Wealth Management LLC's holdings in CrowdStrike were worth $6,096,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, 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. In the last quarter, insiders sold 119,066 shares of company stock worth $55,809,043. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group decreased their price target on CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. BMO Capital Markets raised their price target on CrowdStrike from $450.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. The Goldman Sachs Group raised their price target on CrowdStrike from $492.00 to $535.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Bank of America reaffirmed a "neutral" rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $510.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $483.79.

CrowdStrike Trading Up 1.5%

CRWD opened at $488.45 on Tuesday. The firm has a market cap of $122.58 billion, a price-to-earnings ratio of -410.46, a PEG ratio of 113.13 and a beta of 1.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12 month low of $272.67 and a 12 month high of $517.98. The stock has a fifty day moving average price of $443.93 and a 200-day moving average price of $436.97.

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, topping the consensus estimate of $0.83 by $0.10. The firm 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%.The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous 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 research analysts anticipate 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.

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.