CrowdStrike $CRWD Shares Sold by Hartline Investment Corp

Key Points

• Hartline Investment Corp reduced its stake in CrowdStrike (NASDAQ:CRWD) by 26.6%, owning 3,477 shares worth approximately $1.77 million after selling 1,259 shares in the second quarter.
• Several brokerages have issued ratings changes for CrowdStrike, with Macquarie raising its price target to $485 and Scotiabank upgrading it to a "sector outperform" rating with a target of $600.
• Insider selling is notable, with President Michael Sentonas selling 10,000 shares for roughly $5.15 million, marking a 2.75% decrease in his position.

Hartline Investment Corp cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,477 shares of the company's stock after selling 1,259 shares during the quarter. Hartline Investment Corp's holdings in CrowdStrike were worth $1,771,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Patron Partners LLC boosted its position in CrowdStrike by 2.1% during the second quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after purchasing an additional 22 shares in the last quarter. Real Talk Capital LLC boosted its position in CrowdStrike by 0.9% during the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after purchasing an additional 24 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares in the last quarter. Close Asset Management Ltd boosted its position in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRWD. Macquarie increased their price target on CrowdStrike from $465.00 to $485.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Scotiabank upgraded CrowdStrike from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. Rosenblatt Securities reissued a "buy" rating and set a $490.00 target price on shares of CrowdStrike in a report on Thursday, September 18th. Evercore ISI increased their target price on CrowdStrike from $405.00 to $430.00 in a report on Thursday, September 18th. Finally, Piper Sandler reduced their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $494.95.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares of the company's stock, valued at $182,369,740. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,762 shares of CrowdStrike stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total value of $850,006.42. Following the sale, the chief accounting officer directly owned 37,255 shares of the company's stock, valued at $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,090 shares of company stock worth $75,500,649 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 0.5%

CRWD opened at $484.65 on Friday. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98. The business has a fifty day simple moving average of $455.15 and a 200-day simple moving average of $448.34. The firm has a market cap of $121.63 billion, a P/E ratio of -407.27, a P/E/G ratio of 113.32 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

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 business 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 company's quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current 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.

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