CrowdStrike $CRWD Shares Sold by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. has reduced its stake in CrowdStrike by 7.2%, owning approximately 0.08% of the company, valued at $106.86 million after selling over 16,000 shares.
• Several analysts have upgraded their price targets for CrowdStrike, with Needham & Company raising it from $475.00 to $535.00, while Wells Fargo increased theirs from $550.00 to $600.00, contributing to a consensus target price of $484.95.
• CrowdStrike reported a 21.4% increase in quarterly revenue year-over-year, reaching $1.17 billion, and its most recent earnings per share surpassed estimates at $0.93 compared to a forecast of $0.83.

Mirae Asset Global Investments Co. Ltd. reduced its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,817 shares of the company's stock after selling 16,293 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of CrowdStrike worth $106,862,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cornell Pochily Investment Advisors Inc. acquired a new stake in CrowdStrike in the 2nd quarter valued at $221,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at $218,000. Catalina Capital Group LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at $212,000. ASR Vermogensbeheer N.V. increased its holdings in CrowdStrike by 37.7% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 21,757 shares of the company's stock valued at $11,080,000 after purchasing an additional 5,958 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in CrowdStrike by 0.4% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 55,426 shares of the company's stock valued at $28,229,000 after purchasing an additional 200 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC increased their price target on CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday. KeyCorp upped their price objective on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Truist Financial upped their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Finally, Robert W. Baird upped their price objective on shares of CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $484.95.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the sale, the director owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,762 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the sale, the chief accounting officer owned 37,255 shares in the company, valued at approximately $17,972,184.55. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,816 shares of company stock valued at $52,606,356 over the last quarter. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $496.80 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a one year low of $278.56 and a one year high of $517.98. The company's 50-day simple moving average is $445.78 and its 200-day simple moving average is $438.69. The stock has a market capitalization of $124.68 billion, a price-to-earnings ratio of -417.48, a PEG ratio of 117.49 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the company posted $1.04 earnings per share. The company's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts anticipate that CrowdStrike will post 0.55 earnings per share 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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