Fred Alger Management LLC Sells 16,988 Shares of CrowdStrike $CRWD

Key Points

• Fred Alger Management LLC reduced its stake in CrowdStrike by 17.8%, selling 16,988 shares during the first quarter, leaving them with 78,684 shares valued at approximately $27.7 million.
• CEO George Kurtz sold 42,267 shares of CrowdStrike for over $19 million, reflecting a 1.94% decrease in his ownership, which now totals about 2.13 million shares.
• Hedge funds and institutional investors hold 71.16% of CrowdStrike's stock, with various firms increasing their positions significantly in the last quarter.

Fred Alger Management LLC lessened its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,684 shares of the company's stock after selling 16,988 shares during the period. Fred Alger Management LLC's holdings in CrowdStrike were worth $27,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of CrowdStrike by 114.3% in 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 period. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% in 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 period. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other news, Director Johanna Flower sold 2,073 shares of the 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 completion of the sale, the director directly owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 153,734 shares of company stock valued at $72,162,728 in the last ninety days. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $1.36 during trading on Wednesday, reaching $424.87. The company's stock had a trading volume of 2,273,161 shares, compared to its average volume of 3,695,523. 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 business's fifty day moving average price is $450.57 and its 200-day moving average price is $426.27. The firm has a market cap of $106.62 billion, a price-to-earnings ratio of -357.03, a price-to-earnings-growth ratio of 133.97 and a beta of 1.12. CrowdStrike has a one year low of $242.25 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The business 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 firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRWD. Scotiabank dropped their target price on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. BTIG Research dropped their target price on CrowdStrike from $520.00 to $489.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. BMO Capital Markets set a $450.00 target price on CrowdStrike in a report on Thursday, August 28th. Finally, Mizuho lowered their price target on CrowdStrike from $450.00 to $430.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $460.10.

CrowdStrike 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.