CrowdStrike $CRWD Shares Sold by Howe & Rusling Inc.

Key Points

• Howe & Rusling Inc. reduced its stake in CrowdStrike by 5.6%, owning 18,770 shares worth approximately $6.6 million after selling 1,110 shares in Q1.
• CFO Burt W. Podbere sold 11,883 shares of CrowdStrike, equating to a 4.89% decrease in his holdings, while insiders sold a total of 143,734 shares worth over $67 million last quarter.
• Analysts maintain an overall favorable outlook with an average target price of $460.10, despite BTIG Research lowering their target from $520.00 to $489.00.

Howe & Rusling Inc. lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,770 shares of the company's stock after selling 1,110 shares during the quarter. Howe & Rusling Inc.'s holdings in CrowdStrike were worth $6,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new position in CrowdStrike during the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its position in 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 period. Vision Financial Markets LLC acquired a new position in CrowdStrike during the 1st quarter valued at approximately $26,000. 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 buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,734 shares of company stock worth $67,337,728 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $520.00 price objective on shares of CrowdStrike in a report on Thursday, August 28th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Macquarie reissued a "neutral" rating and issued a $465.00 price objective on shares of CrowdStrike in a report on Friday, August 29th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Thursday, August 28th. Finally, BTIG Research decreased their price objective on CrowdStrike from $520.00 to $489.00 and set a "buy" rating for the company in a report 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $460.10.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $433.38 on Friday. The stock has a fifty day moving average price of $447.53 and a two-hundred day moving average price of $426.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $108.76 billion, a P/E ratio of -364.18, a PEG ratio of 132.97 and a beta of 1.12. CrowdStrike has a 1 year low of $252.48 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. The firm 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 firm's quarterly revenue was up 21.4% on a year-over-year basis. During the same period last 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. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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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