Kovitz Investment Group Partners LLC Reduces Holdings in CrowdStrike $CRWD

Kovitz Investment Group Partners LLC lessened its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 28.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,899 shares of the company's stock after selling 2,703 shares during the period. Kovitz Investment Group Partners LLC's holdings in CrowdStrike were worth $2,433,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CRWD shares. Susquehanna increased their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Jefferies Financial Group increased their price objective on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective on the stock. in a report on Friday, June 6th. Finally, BTIG Research reissued a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $460.81.

Insider Activity

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president owned 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $4.7850 during trading on Thursday, hitting $414.3850. 515,214 shares of the stock traded hands, compared to its average volume of 3,674,725. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $103.29 billion, a price-to-earnings ratio of -601.19 and a beta of 1.13. The firm's fifty day moving average is $469.89 and its 200-day moving average is $427.29. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The company's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. Research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.