CrowdStrike $CRWD Shares Sold by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors LLC reduced its stake in CrowdStrike by 4.8%, now holding 17,430 shares valued at approximately $8.88 million.
• CrowdStrike reported a 21.4% year-over-year revenue increase to $1.17 billion and an EPS of $0.93, exceeding analyst expectations.
• The stock has seen price targets raised by several analysts, with a majority rating it as a "Buy", and the current average price target is around $493.33.

Blue Zone Wealth Advisors LLC cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,430 shares of the company's stock after selling 874 shares during the period. CrowdStrike comprises approximately 2.2% of Blue Zone Wealth Advisors LLC's holdings, making the stock its 8th largest holding. Blue Zone Wealth Advisors LLC's holdings in CrowdStrike were worth $8,877,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in shares of CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock worth $36,000 after buying an additional 34 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its holdings 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 worth $26,000 after buying an additional 40 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 3.0%

NASDAQ:CRWD opened at $493.66 on Friday. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $517.98. 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 firm has a market capitalization of $123.89 billion, a P/E ratio of -414.84, a P/E/G ratio of 119.64 and a beta of 1.19. The stock's fifty day simple moving average is $450.04 and its 200-day simple moving average is $443.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.04 EPS. The firm'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 research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised their price target on CrowdStrike from $500.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. DA Davidson raised their price target on CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Oppenheimer reaffirmed an "outperform" rating and set a $520.00 price target on shares of CrowdStrike in a report on Thursday, August 28th. Mizuho raised their price target on CrowdStrike from $430.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, September 17th. Finally, KeyCorp raised their price target on CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $493.33.

Insider Buying and Selling

In other news, CEO George Kurtz sold 42,267 shares of the firm'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 transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 20,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares in the company, valued at $189,558,000. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,816 shares of company stock valued at $75,331,356 over the last 90 days. Company 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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