CrowdStrike $CRWD Stake Reduced by Pinnacle Wealth Management LLC

Key Points

• Pinnacle Wealth Management LLC significantly reduced its stake in CrowdStrike by 86.0%, selling 5,203 shares during the first quarter, leaving them with only 845 shares valued at approximately $298,000.
• Analysts maintain a positive outlook on CrowdStrike, with twenty-six analysts issuing a "buy" rating and an average price target of $461.17 for the stock, indicating optimistic growth potential.
• In recent insider trading, CFO Burt W. Podbere sold over 11,800 shares of CrowdStrike, reflecting a 4.89% decrease in his ownership amid other significant insider transactions.

Pinnacle Wealth Management LLC lowered its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 86.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 845 shares of the company's stock after selling 5,203 shares during the period. Pinnacle Wealth Management LLC's holdings in CrowdStrike were worth $298,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after buying an additional 215 shares during the last quarter. OLD National Bancorp IN purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $248,000. Bessemer Group Inc. increased its holdings in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. CX Institutional purchased a new position in CrowdStrike during the 1st quarter valued at about $175,000. Finally, Voya Investment Management LLC increased its holdings in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRWD. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a report on Thursday, May 22nd. Wedbush raised their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Cantor Fitzgerald raised their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, DA Davidson raised their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $460.81.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the business's 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 approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD stock traded up $0.57 during trading on Wednesday, hitting $419.17. 2,208,565 shares of the company's stock traded hands, compared to its average volume of 3,694,942. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The stock has a fifty day moving average price of $471.05 and a two-hundred day moving average price of $427.34. The stock has a market capitalization of $104.48 billion, a price-to-earnings ratio of -607.49 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, equities analysts anticipate 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.