CrowdStrike $CRWD Shares Sold by Prasad Wealth Partners LLC

Key Points

• Prasad Wealth Partners LLC significantly reduced its stake in CrowdStrike by 54.2% during the second quarter, leaving them with 868 shares valued at approximately $442,000.
• Institutional investor activity remains prevalent, with several firms like Blue Trust Inc. and Benchmark Investment Advisors LLC increasing their positions in CrowdStrike, indicating ongoing confidence in the stock.
• Analysts have recently raised their price targets for CrowdStrike, with the consensus target now at $487.11, reflecting growing optimism about the company's future performance.

Prasad Wealth Partners LLC cut its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 54.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 868 shares of the company's stock after selling 1,028 shares during the quarter. Prasad Wealth Partners LLC's holdings in CrowdStrike were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after buying an additional 215 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. grew its position in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares in the last quarter. Finally, Benchmark Investment Advisors LLC grew its position in shares of CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after buying an additional 4,877 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,234 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.68, for a total value of $1,107,349.12. Following the completion of the transaction, the chief accounting officer owned 39,017 shares in the company, valued at $19,339,946.56. This trade represents a 5.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,816 shares of company stock valued at $62,606,356 in the last three months. Insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cfra reaffirmed a "hold" rating and issued a $555.00 price target (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Truist Financial increased their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. DA Davidson increased their price target on shares of CrowdStrike from $490.00 to $515.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Finally, JMP Securities increased their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $487.11.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $495.95 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a fifty day moving average price of $446.69 and a 200 day moving average price of $441.44. CrowdStrike has a 1-year low of $285.79 and a 1-year high of $517.98. The company has a market cap of $124.46 billion, a PE ratio of -416.76, a P/E/G ratio of 115.12 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS 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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