SeaCrest Wealth Management LLC Has $873,000 Stock Holdings in CrowdStrike $CRWD

Key Points

• SeaCrest Wealth Management LLC has reduced its holdings in CrowdStrike (NASDAQ: CRWD) by 59.9%, selling 2,562 shares in the second quarter, leaving them with a total of 1,715 shares valued at approximately $873,000.
• Recent transactions by company insiders included President Michael Sentonas selling 11,527 shares and CFO Burt W. Podbere selling 11,883 shares, reflecting a decrease of 2.73% and 4.89% in their ownership, respectively.
• CrowdStrike reported earnings of $0.93 per share for the last quarter, exceeding analyst expectations, and anticipates a price target consensus of $473.85 from various research analysts.

SeaCrest Wealth Management LLC lessened its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 59.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,715 shares of the company's stock after selling 2,562 shares during the quarter. SeaCrest Wealth Management LLC's holdings in CrowdStrike were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its position in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike in the 1st quarter worth about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 143,734 shares of company stock valued at $67,337,728 over the last ninety days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock traded down $0.08 during trading on Friday, reaching $502.55. The company had a trading volume of 7,089,967 shares, compared to its average volume of 3,994,004. The company has a market capitalization of $126.12 billion, a PE ratio of -422.31, a PEG ratio of 120.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a one year low of $272.67 and a one year high of $517.98. The firm's 50 day simple moving average is $442.94 and its two-hundred day simple moving average is $430.74.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results 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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The company'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. Sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWD. Stifel Nicolaus lifted their target price on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $510.00 price objective on shares of CrowdStrike in a research report on Thursday. Needham & Company LLC raised their price objective on CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a report on Thursday. New Street Research set a $460.00 price target on shares of CrowdStrike in a report on Thursday, August 28th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $473.85.

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.