CrowdStrike $CRWD Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC sold 1,432 shares of CrowdStrike, reducing its holdings by 67.5%, leaving it with 690 shares valued at approximately $351,000.
• In addition to Procyon, other institutional investors have altered their positions in CrowdStrike, with significant increases reported by firms like Pallas Capital Advisors and Baron Wealth Management.
• CrowdStrike reported earnings of $0.93 per share for the latest quarter, exceeding analysts' expectations, and experienced a year-over-year revenue increase of 21.4%.

Procyon Advisors LLC decreased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 67.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 690 shares of the company's stock after selling 1,432 shares during the quarter. Procyon Advisors LLC's holdings in CrowdStrike were worth $351,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRWD. Brighton Jones LLC grew its stake in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in CrowdStrike during the fourth quarter worth $240,000. State of Wyoming grew its position in CrowdStrike by 2,191.4% during the fourth quarter. State of Wyoming now owns 802 shares of the company's stock valued at $274,000 after buying an additional 767 shares during the period. Woodline Partners LP grew its position in CrowdStrike by 80.8% during the fourth quarter. Woodline Partners LP now owns 18,545 shares of the company's stock valued at $6,345,000 after buying an additional 8,287 shares during the period. Finally, Waverly Advisors LLC increased its holdings in CrowdStrike by 99.1% in the fourth quarter. Waverly Advisors LLC now owns 2,124 shares of the company's stock valued at $727,000 after buying an additional 1,057 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $9.41 during mid-day trading on Monday, reaching $493.14. 3,872,883 shares of the stock traded hands, compared to its average volume of 3,994,004. The stock has a market capitalization of $123.76 billion, a PE ratio of -414.40, a PEG ratio of 120.33 and a beta of 1.12. The business has a 50-day moving average of $443.28 and a 200 day moving average of $431.86. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business's 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. On average, analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director directly owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,741 shares of company stock valued at $47,456,437. 3.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $510.00 target price on shares of CrowdStrike in a research note on Thursday. New Street Research set a $460.00 price target on CrowdStrike in a report on Thursday, August 28th. Stephens increased their price target on CrowdStrike from $510.00 to $525.00 and gave the stock an "overweight" rating in a research report on Thursday. Cfra reissued a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $476.41.

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.