Overbrook Management Corp Has $9.58 Million Stock Position in CrowdStrike $CRWD

Key Points

• Overbrook Management Corp has reduced its stake in CrowdStrike by 11.4% to approximately $9.58 million, making it the 22nd largest holding in their portfolio.
• Analysts have raised price targets for CrowdStrike, with projections now ranging from $343 to $530, and the company holds a consensus rating of "Moderate Buy."
• Despite recent sales by insiders, 71.16% of CrowdStrike's stock is owned by institutional investors, indicating continued strong institutional interest.

Overbrook Management Corp cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,818 shares of the company's stock after selling 2,426 shares during the period. CrowdStrike comprises approximately 1.8% of Overbrook Management Corp's holdings, making the stock its 22nd largest holding. Overbrook Management Corp's holdings in CrowdStrike were worth $9,584,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its position 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 during the last quarter. Vision Financial Markets LLC bought a new position in CrowdStrike during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew 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 acquiring an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $30,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.6%

CRWD stock traded up $2.84 during trading on Wednesday, reaching $493.22. 394,276 shares of the stock traded hands, compared to its average volume of 3,670,743. CrowdStrike has a 52-week low of $274.86 and a 52-week high of $517.98. The business's 50 day moving average price is $444.31 and its 200-day moving average price is $437.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $123.78 billion, a PE ratio of -415.56, a P/E/G ratio of 114.78 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $1.04 earnings per share. 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 forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRWD shares. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Oppenheimer reissued an "outperform" rating and set a $520.00 target price on shares of CrowdStrike in a report on Thursday, August 28th. Sanford C. Bernstein reduced their price target on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $490.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Finally, Needham & Company LLC boosted their price target on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $484.95.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 11,561 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $495.69, for a total value of $5,730,672.09. Following the sale, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 17,830 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,066 shares of company stock valued at $55,809,043 in the last quarter. 3.32% of the stock is owned by company 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.