Envestnet Portfolio Solutions Inc. Reduces Position in CrowdStrike $CRWD

Key Points

• Envestnet Portfolio Solutions Inc. reduced its holdings in CrowdStrike by 11.1%, selling 698 shares for a total of 5,599 shares valued at approximately $2.85 million as of the latest SEC filing.
• Despite Envestnet's decrease, others like Brighton Jones LLC and GAMMA Investing LLC increased their positions in CrowdStrike by 44.9% and 43.6% respectively, demonstrating ongoing institutional interest.
• Wall Street analysts remain bullish on CrowdStrike, with multiple firms raising their price targets—TD Cowen increased theirs from $500 to $580, reflecting the company’s projected growth potential.

Envestnet Portfolio Solutions Inc. decreased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,599 shares of the company's stock after selling 698 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in CrowdStrike were worth $2,852,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. GAMMA Investing LLC increased its holdings in CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock worth $1,087,000 after purchasing an additional 936 shares during the last quarter. Grimes & Company Inc. increased its holdings in CrowdStrike by 10.8% during the 1st quarter. Grimes & Company Inc. now owns 872 shares of the company's stock worth $307,000 after purchasing an additional 85 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in CrowdStrike by 9.2% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 1,048 shares of the company's stock worth $370,000 after purchasing an additional 88 shares during the last quarter. Finally, Clarius Group LLC increased its holdings in CrowdStrike by 15.1% during the 1st quarter. Clarius Group LLC now owns 1,046 shares of the company's stock worth $369,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRWD. Royal Bank Of Canada lifted their price target on CrowdStrike from $510.00 to $540.00 and gave the stock an "outperform" rating in a research note on Monday. Canaccord Genuity Group lifted their price target on CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a research note on Monday, September 22nd. Morgan Stanley lifted their price target on CrowdStrike from $460.00 to $475.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 18th. Daiwa Capital Markets lifted their price target on CrowdStrike from $475.00 to $530.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Finally, TD Cowen lifted their price target on CrowdStrike from $500.00 to $580.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $494.02.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $482.23 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $453.95 and a 200-day simple moving average of $447.49. The company has a market cap of $121.02 billion, a PE ratio of -405.23, a P/E/G ratio of 114.92 and a beta of 1.19. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,762 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total value of $850,006.42. Following the completion of the sale, the chief accounting officer owned 37,255 shares of the company's stock, valued at $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,743 shares of company stock valued at $74,348,319 over the last three months. 3.32% of the stock is owned by company insiders.

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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