Guggenheim Capital LLC Cuts Position in CrowdStrike $CRWD

Key Points

• Guggenheim Capital LLC has reduced its stake in CrowdStrike (NASDAQ:CRWD) by 19.2%, leaving it with 53,714 shares valued at approximately $18.94 million as of the end of the first quarter.
• CrowdStrike's stock recently opened at $422.61, with a market capitalization of $105.34 billion and a P/E ratio of -612.48.
• The company reported a quarterly revenue of $1.17 billion, exceeding analysts' expectations, along with an EPS of $0.93, above the consensus estimate of $0.83.

Guggenheim Capital LLC trimmed its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,714 shares of the company's stock after selling 12,793 shares during the period. Guggenheim Capital LLC's holdings in CrowdStrike were worth $18,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $248,000. Bessemer Group Inc. raised its position in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares in the last quarter. CX Institutional purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $175,000. Finally, Ritholtz Wealth Management raised its position in shares of CrowdStrike by 23.8% during the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock valued at $1,348,000 after buying an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 4.1%

Shares of CRWD traded down $18.30 during mid-day trading on Friday, hitting $423.70. 5,472,042 shares of the company's stock were exchanged, compared to its average volume of 3,338,633. The company has a market cap of $105.61 billion, a price-to-earnings ratio of -356.05 and a beta of 1.13. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.85 and a current ratio of 1.88. The stock's 50-day moving average is $461.47 and its 200-day moving average is $427.52.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the 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 sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 204,414 shares of company stock valued at $96,794,738. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. DA Davidson reduced their price target on shares of CrowdStrike from $530.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday. Wedbush reissued a "buy" rating on shares of CrowdStrike in a research note on Thursday. Needham & Company LLC dropped their target price on shares of CrowdStrike from $530.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Truist Financial restated a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Twenty-five research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $456.80.

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.