Lewis Asset Management LLC Reduces Position in CrowdStrike $CRWD

Key Points

• Lewis Asset Management LLC reduced its stake in CrowdStrike by 13.4%, owning 5,631 shares after selling 871 during the second quarter, making it the firm's 15th largest position.
• CrowdStrike reported a 21.4% increase in quarterly revenue, totaling $1.17 billion, alongside an earnings per share (EPS) of $0.93, exceeding analysts' expectations.
• Notable hedge funds, such as Blue Trust Inc. and Geneos Wealth Management Inc., have increased their positions in CrowdStrike, highlighting continuing institutional interest despite the recent stake reduction by Lewis Asset Management.

Lewis Asset Management LLC decreased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,631 shares of the company's stock after selling 871 shares during the period. CrowdStrike accounts for 1.3% of Lewis Asset Management LLC's investment portfolio, making the stock its 15th biggest position. Lewis Asset Management LLC's holdings in CrowdStrike were worth $2,868,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its position in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after buying an additional 215 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike in the first quarter valued at $248,000. Bessemer Group Inc. grew its position in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. grew its position in shares of CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after purchasing an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC grew its position in shares of CrowdStrike by 90.8% in the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock valued at $3,613,000 after purchasing an additional 4,877 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

CRWD opened at $502.55 on Friday. The company has a market capitalization of $126.12 billion, a price-to-earnings ratio of -422.31, a price-to-earnings-growth ratio of 118.20 and a beta of 1.12. 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 $272.67 and a 1-year high of $517.98. The business has a 50 day moving average price of $442.94 and a two-hundred day moving average price of $430.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The company'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. Research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRWD. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $510.00 price objective on shares of CrowdStrike in a research report on Thursday. Evercore ISI lowered their price objective on CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a research report on Thursday, August 28th. Morgan Stanley lifted their price objective on CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research report on Thursday. New Street Research set a $460.00 price objective on CrowdStrike in a research report on Thursday, August 28th. Finally, Stephens boosted their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $473.85.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the transaction, the director directly owned 774,761 shares in the company, valued at $346,387,895.49. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,734 shares of company stock valued at $67,337,728 in the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Company 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.

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