Lmcg Investments LLC Reduces Stock Position in CrowdStrike $CRWD

Key Points

• Lmcg Investments LLC has reduced its stake in CrowdStrike (NASDAQ:CRWD) by 13.7%, maintaining 28,079 shares worth approximately $14.3 million after selling 4,440 shares.
• A number of other institutional investors have significantly increased their positions in CrowdStrike, with Brighton Jones LLC increasing its stake by 44.9% in the last quarter.
• CrowdStrike recently had positive earnings, reporting $1.17 billion in revenue for the quarter, which is a 21.4% year-over-year increase, surpassing analysts' estimates.

Lmcg Investments LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,079 shares of the company's stock after selling 4,440 shares during the period. Lmcg Investments LLC's holdings in CrowdStrike were worth $14,301,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of CrowdStrike by 43.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,396 shares of the company's stock valued at $1,550,000 after purchasing an additional 1,332 shares in the last quarter. GAMMA Investing LLC grew its position in shares of CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock valued at $1,087,000 after purchasing an additional 936 shares in the last quarter. CX Institutional purchased a new position in shares of CrowdStrike during the 1st quarter valued at $175,000. Finally, Focus Financial Network Inc. grew its position in shares of CrowdStrike by 16.2% during the 1st quarter. Focus Financial Network Inc. now owns 2,755 shares of the company's stock valued at $971,000 after purchasing an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares of the company's stock, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the business's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares of the company's stock, valued at $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,816 shares of company stock valued at $75,331,356 over the last three months. 3.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $500.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Evercore ISI boosted their price target on shares of CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. BMO Capital Markets boosted their price target on shares of CrowdStrike from $450.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Needham & Company LLC boosted their price target on shares of CrowdStrike from $475.00 to $535.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $510.00 price objective on shares of CrowdStrike in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $493.33.

CrowdStrike Stock Performance

CrowdStrike stock opened at $493.66 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $123.89 billion, a PE ratio of -414.84, a P/E/G ratio of 119.64 and a beta of 1.19. The firm has a fifty day simple moving average of $450.04 and a two-hundred day simple moving average of $443.90. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. 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 firm 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. Research analysts expect that CrowdStrike will post 0.55 EPS for the current 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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.