CrowdStrike $CRWD Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its stake in CrowdStrike by 24.9% during the first quarter, selling 2,602 shares and now holding 7,832 shares worth $2,761,000.
• CrowdStrike reported earnings of $0.93 per share for the last quarter, beating estimates, and projected FY 2026 guidance at 3.600-3.72 EPS.
• Several analysts have lowered their price targets for CrowdStrike, with a consensus price target of $460.10, reflecting a more cautious outlook for the stock's future performance.

Belpointe Asset Management LLC lowered its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,832 shares of the company's stock after selling 2,602 shares during the period. Belpointe Asset Management LLC's holdings in CrowdStrike were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $248,000. Bessemer Group Inc. raised its position in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after acquiring an additional 98 shares in the last quarter. Benchmark Investment Advisors LLC raised its position in shares of CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after acquiring an additional 4,877 shares in the last quarter. Finally, CX Institutional acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $175,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Up 0.3%

Shares of CRWD stock opened at $424.87 on Thursday. The business's 50 day moving average is $449.14 and its two-hundred day moving average is $426.26. CrowdStrike has a twelve month low of $242.25 and a twelve month high of $517.98. The company has a market capitalization of $106.63 billion, a P/E ratio of -357.03, a price-to-earnings-growth ratio of 132.54 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 (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.04 EPS. The company'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. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the transaction, the director directly owned 774,761 shares in the company, valued at approximately $346,387,895.49. This trade represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,734 shares of company stock worth $67,337,728. 3.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Morgan Stanley cut their target price on CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. DA Davidson cut their target price on CrowdStrike from $530.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Jefferies Financial Group dropped their price target on CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Finally, Scotiabank dropped their price target on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $460.10.

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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