Fortis Capital Advisors LLC Lowers Position in CrowdStrike $CRWD

Key Points

• Fortis Capital Advisors LLC has reduced its holdings in CrowdStrike by 19.0%, owning 2,960 shares valued at approximately $1,044,000 after the sale.
• Analysts have recently altered their price targets for CrowdStrike, with estimates ranging from $343.00 to $530.00, reflecting a mix of ratings from "market perform" to "buy".
• Several institutional investors have increased or initiated positions in CrowdStrike, with institutional ownership now standing at 71.16% of the stock.

Fortis Capital Advisors LLC lowered its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,960 shares of the company's stock after selling 695 shares during the period. Fortis Capital Advisors LLC's holdings in CrowdStrike were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% during the 1st 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 during the last quarter. Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during the 1st 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 bought a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CRWD. Sanford C. Bernstein reduced their price objective on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. Needham & Company LLC reduced their price objective on CrowdStrike from $530.00 to $475.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. BMO Capital Markets set a $450.00 price objective on CrowdStrike in a research report on Thursday, August 28th. Mizuho reduced their price objective on CrowdStrike from $450.00 to $430.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Finally, JMP Securities reiterated a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $460.10.

Insider Transactions at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares in the company, valued at approximately $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. In the last quarter, insiders sold 153,734 shares of company stock worth $72,162,728. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CRWD opened at $423.51 on Wednesday. The stock's 50 day simple moving average is $450.57 and its 200 day simple moving average is $426.27. 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 1 year low of $242.25 and a 1 year high of $517.98. The firm has a market cap of $106.28 billion, a price-to-earnings ratio of -355.89, a PEG ratio of 133.97 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.17 billion for 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%.The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. 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, analysts predict that CrowdStrike will post 0.55 earnings per share 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.

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