Gamco Investors INC. ET AL Sells 3,666 Shares of CrowdStrike $CRWD

Key Points

• Gamco Investors INC. ET AL reduced its stake in CrowdStrike by 18.3%, selling 3,666 shares, and now holds 16,339 shares with a total value of approximately $5.76 million.
• Insider selling activity included Director Johanna Flower and CEO George Kurtz who sold 2,073 and 42,267 shares, respectively, reflecting a decrease in their ownership stakes.
• CrowdStrike's stock recently saw an increase of 1.2%, with a current market cap of $105.34 billion, and the company reported $1.17 billion in revenue for the last quarter, exceeding estimates.

Gamco Investors INC. ET AL trimmed its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,339 shares of the company's stock after selling 3,666 shares during the quarter. Gamco Investors INC. ET AL's holdings in CrowdStrike were worth $5,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Nuveen LLC bought a new position in CrowdStrike during the 1st quarter worth approximately $595,766,000. Jennison Associates LLC grew its position in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC grew its position in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 4.1%

NASDAQ:CRWD traded down $18.30 during trading hours on Friday, reaching $423.70. 5,472,042 shares of the company traded hands, compared to its average volume of 3,338,633. The business's 50-day moving average price is $461.47 and its two-hundred day moving average price is $427.52. The stock has a market capitalization of $105.61 billion, a P/E ratio of -356.05 and a beta of 1.13. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.85 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm'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. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,414 shares of company stock valued at $96,794,738. Insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRWD. UBS Group cut their price objective on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday. Oppenheimer reiterated an "outperform" rating and issued a $520.00 price objective on shares of CrowdStrike in a research report on Thursday. BMO Capital Markets set a $450.00 price objective on CrowdStrike in a research report on Thursday. Mizuho cut 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. Finally, Needham & Company LLC cut 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. Twenty-five analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $456.80.

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.