CrowdStrike $CRWD Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,100 shares of the company's stock after selling 1,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.08% of CrowdStrike worth $68,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federation des caisses Desjardins du Quebec lifted its position in CrowdStrike by 33.0% during the first quarter. Federation des caisses Desjardins du Quebec now owns 15,474 shares of the company's stock worth $5,456,000 after buying an additional 3,838 shares in the last quarter. 1248 Management LLC acquired a new position in CrowdStrike during the 1st quarter worth $184,000. Focus Partners Advisor Solutions LLC grew its stake in CrowdStrike by 36.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 2,308 shares of the company's stock worth $814,000 after purchasing an additional 613 shares in the last quarter. First Financial Bankshares Inc acquired a new position in CrowdStrike during the 1st quarter worth $305,000. Finally, Flputnam Investment Management Co. grew its stake in CrowdStrike by 181.9% during the 1st quarter. Flputnam Investment Management Co. now owns 3,092 shares of the company's stock worth $1,090,000 after purchasing an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 2.4%

Shares of CrowdStrike stock opened at $413.50 on Wednesday. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The firm has a market cap of $103.06 billion, a PE ratio of -347.48 and a beta of 1.12. The business's fifty day moving average is $458.67 and its two-hundred day moving average is $427.00. The company has a quick ratio of 1.85, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. The company had revenue of $1.17 billion for 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 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. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Canaccord Genuity Group reduced their target price on CrowdStrike from $475.00 to $430.00 and set a "hold" rating for the company in a report on Thursday, August 28th. Wedbush reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Mizuho dropped their target price on CrowdStrike from $450.00 to $430.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Stephens upped their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC lowered their price target on CrowdStrike from $530.00 to $475.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Twenty-four investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $460.10.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 188,164 shares of company stock worth $88,876,050. Corporate insiders own 3.32% of the company's stock.

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.

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