CrowdStrike $CRWD Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in CrowdStrike by 22.2%, now owning 40,108 shares valued at approximately $14.14 million.
• Significant institutional investments include Nuveen LLC's new position worth about $595.77 million and GAMMA Investing LLC increasing their stake by over 50,500% during the first quarter.
• Analyst sentiments are mixed, with Citigroup maintaining an "outperform" rating and others adjusting price targets between $371 and $500, indicating ongoing confidence in CrowdStrike's potential.

Kestra Advisory Services LLC lowered its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,108 shares of the company's stock after selling 11,435 shares during the quarter. Kestra Advisory Services LLC's holdings in CrowdStrike were worth $14,141,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CRWD. Nuveen LLC purchased a new position in CrowdStrike during the first quarter worth approximately $595,766,000. Jennison Associates LLC raised its stake in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Roth Capital raised their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Twenty-six analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $460.81.

Insiders Place Their Bets

In other news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 214,414 shares of company stock worth $101,484,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CRWD opened at $420.55 on Friday. The company has a 50-day moving average of $467.34 and a 200-day moving average of $427.56. The company has a market capitalization of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. Equities analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.

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