CrowdStrike $CRWD Shares Sold by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. reduced its position in CrowdStrike by 22.5% during the second quarter, holding 114,773 shares valued at approximately $58.46 million after selling 33,306 shares.
• Institutional investors collectively own 71.16% of CrowdStrike, with notable adjustments including Fulton Bank N.A's 8.4% increase in its stake during the same quarter.
• CrowdStrike reported $1.17 billion in revenue for the last quarter, exceeding analyst expectations and marking a 21.4% year-over-year increase alongside a successful earnings per share result of $0.93.

Ferguson Wellman Capital Management Inc. decreased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 22.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 114,773 shares of the company's stock after selling 33,306 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in CrowdStrike were worth $58,455,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares during the period. OLD National Bancorp IN purchased a new position in CrowdStrike in the first quarter valued at approximately $248,000. Bessemer Group Inc. raised its holdings in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. raised its holdings in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after buying an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC raised its stake 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 valued at $3,613,000 after purchasing an additional 4,877 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Sanford C. Bernstein decreased their target price on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research note on Thursday, August 28th. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a 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 assigned a Hold rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $471.23.

CrowdStrike Stock Up 12.8%

Shares of CRWD stock traded up $57.13 during mid-day trading on Thursday, reaching $502.63. 10,102,242 shares of the company were exchanged, compared to its average volume of 3,333,476. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $126.14 billion, a P/E ratio of -422.37, a P/E/G ratio of 104.78 and a beta of 1.12. The business's 50 day simple moving average is $442.46 and its 200 day simple moving average is $428.94.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company earned $1.04 earnings per share. The business's quarterly revenue 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. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the transaction, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,734 shares of company stock valued at $67,337,728 over the last quarter. Insiders own 3.32% of the company's stock.

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.