Optimize Financial Inc Sells 1,508 Shares of CrowdStrike $CRWD

Key Points

• Optimize Financial Inc reduced its stake in CrowdStrike by 22.5%, selling 1,508 shares, and now holds 5,209 shares valued at approximately $1.84 million.
• Despite insider sell-offs, a majority of 71.16% of CrowdStrike's stock is owned by institutional investors, reflecting ongoing confidence in the company's future.
• CrowdStrike reported a quarterly EPS of $0.93, exceeding estimates, with a year-over-year revenue increase of 21.4%, signaling strong financial performance.

Optimize Financial Inc lessened its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,209 shares of the company's stock after selling 1,508 shares during the period. CrowdStrike makes up about 0.7% of Optimize Financial Inc's investment portfolio, making the stock its 11th biggest holding. Optimize Financial Inc's holdings in CrowdStrike were worth $1,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of CrowdStrike by 20.4% in 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 acquired a new position in CrowdStrike in the first quarter valued at about $248,000. Bessemer Group Inc. increased its holdings in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after acquiring an additional 98 shares in the last quarter. CX Institutional acquired a new stake in shares of CrowdStrike during the first quarter worth about $175,000. Finally, Ritholtz Wealth Management lifted its holdings 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 purchasing an additional 736 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CRWD opened at $428.06 on Tuesday. The business's 50-day simple moving average is $451.94 and its 200 day simple moving average is $426.29. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $107.43 billion, a PE ratio of -359.71, a PEG ratio of 130.70 and a beta of 1.12.

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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The business's quarterly revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays set a $500.00 target price on CrowdStrike in a research note on Tuesday, June 3rd. Scotiabank lowered their price objective on shares of CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, BMO Capital Markets set a $450.00 price target on CrowdStrike in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $460.10.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,734 shares of company stock worth $84,087,728 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

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.

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.