Quantitative Investment Management LLC Reduces Stock Position in CrowdStrike $CRWD

Key Points

• Quantitative Investment Management LLC significantly reduced its stake in CrowdStrike shares by 69.6%, now holding just 1,627 shares valued at approximately $573,000.
• Multiple analysts have adjusted their price targets for CrowdStrike, with BMO Capital Markets lowering theirs to $460.00, while both DA Davidson and Rosenblatt Securities increased theirs to $530.00 and $515.00 respectively.
• Insider selling activity includes Director Roxanne S. Austin and President Michael Sentonas, who sold 15,000 and 25,000 shares respectively, indicating potential shifts in shareholder confidence.

Quantitative Investment Management LLC decreased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 69.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,627 shares of the company's stock after selling 3,733 shares during the period. Quantitative Investment Management LLC's holdings in CrowdStrike were worth $573,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CRWD. Tradewinds Capital Management LLC lifted its stake in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd raised its holdings in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares during the period. Ramirez Asset Management Inc. lifted its position in CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares in the last quarter. Cladis Investment Advisory LLC boosted its position in shares of CrowdStrike by 1.5% during the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company's stock worth $593,000 after buying an additional 25 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its position in CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director owned 774,761 shares in the company, valued at approximately $346,387,895.49. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 204,414 shares of company stock worth $96,794,738. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRWD. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Rosenblatt Securities reduced their target price on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a report on Thursday. Oppenheimer reaffirmed an "outperform" rating and issued a $520.00 price objective on shares of CrowdStrike in a report on Thursday. Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Scotiabank reduced their price objective on shares of CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Thursday. Twenty-six analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $455.10.

CrowdStrike Trading Up 4.6%

Shares of NASDAQ:CRWD traded up $19.39 during mid-day trading on Thursday, hitting $442.00. The company had a trading volume of 9,947,581 shares, compared to its average volume of 3,728,211. The firm has a fifty day moving average price of $463.39 and a 200 day moving average price of $427.49. CrowdStrike has a one year low of $242.25 and a one year high of $517.98. The company has a market capitalization of $110.17 billion, a PE ratio of -640.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.04 EPS. The firm's revenue for the quarter 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. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current 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.