Exchange Traded Concepts LLC Sells 2,437 Shares of CrowdStrike $CRWD

Key Points

• Exchange Traded Concepts LLC reduced its stake in CrowdStrike by 19.9% in the 2nd quarter, selling 2,437 shares and now holds 9,801 shares valued at approximately $4.99 million.
• Insider trading activity saw Director Sameer K. Gandhi and CEO George Kurtz each sell significant portions of their shares, with Kurtz selling 42,267 shares for a total of $19 million.
• Analysts remain optimistic about CrowdStrike's growth, with several firms increasing their target prices, including KeyCorp raising it to $510 and Goldman Sachs to $530.

Exchange Traded Concepts LLC cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 19.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,801 shares of the company's stock after selling 2,437 shares during the period. Exchange Traded Concepts LLC's holdings in CrowdStrike were worth $4,992,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new stake in CrowdStrike in the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in CrowdStrike by 305.3% during 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 in the last quarter. Finally, Neo Ivy Capital Management bought a new position in CrowdStrike during the first quarter valued at $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 1.9%

Shares of NASDAQ:CRWD traded down $9.35 during trading on Monday, reaching $493.20. 2,873,665 shares of the company were exchanged, compared to its average volume of 3,724,886. The business's fifty day simple moving average is $442.94 and its 200-day simple moving average is $430.74. 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 12-month low of $272.67 and a 12-month high of $517.98. The firm has a market capitalization of $123.77 billion, a PE ratio of -416.53, a P/E/G ratio of 120.33 and a beta of 1.12.

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, beating analysts' consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director directly owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,741 shares of company stock worth $47,456,437. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWD. Royal Bank Of Canada restated an "outperform" rating and set a $510.00 target price on shares of CrowdStrike in a research report on Thursday. The Goldman Sachs Group upped their price objective on CrowdStrike from $492.00 to $535.00 and gave the company a "buy" rating in a research report on Friday. Sanford C. Bernstein dropped their target price on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a report on Thursday, August 28th. Morgan Stanley increased their price target on CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $476.41.

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.