CrowdStrike $CRWD Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• CUSHING ASSET MANAGEMENT LP reduced its holdings in CrowdStrike by 53.3%, selling 8,000 shares to end the quarter with 7,000 shares valued at approximately $3.57 million.
• In related activity, CrowdStrike's shares opened at $502.55 with a market cap of $126.12 billion, reflecting a significant increase in institutional ownership to 71.16%.
• CrowdStrike's latest earnings report showed $1.17 billion in revenue for the quarter, surpassing expectations, and set FY 2026 guidance at 3.600-3.72 EPS.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lessened its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 53.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,000 shares of the company's stock after selling 8,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in CrowdStrike were worth $3,565,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cloud Capital Management LLC bought a new stake in CrowdStrike in the 1st quarter worth about $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its holdings 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 valued at $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 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 CrowdStrike in the 1st quarter worth $30,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRWD shares. DZ Bank raised shares of CrowdStrike from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. Evercore ISI decreased their target price on shares of CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a report on Thursday, August 28th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday. Barclays lifted their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Oppenheimer reiterated an "outperform" rating and issued a $520.00 price target on shares of CrowdStrike in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $476.41.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $9.41 during midday trading on Monday, hitting $493.14. The company had a trading volume of 3,872,883 shares, compared to its average volume of 3,994,004. The stock has a market cap of $123.76 billion, a price-to-earnings ratio of -414.40, a PEG ratio of 120.33 and a beta of 1.12. 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 company has a fifty day simple moving average of $443.28 and a 200 day simple moving average of $431.86. CrowdStrike has a 12-month low of $272.67 and a 12-month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $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, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the transaction, the director directly owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,741 shares of company stock valued at $47,456,437. 3.32% of the stock is currently owned by company insiders.

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.