Smith Anglin Financial LLC Sells 613 Shares of CrowdStrike $CRWD

Key Points

• Smith Anglin Financial LLC reduced its stake in CrowdStrike by 28.1%, selling 613 shares and holding 1,571 shares worth approximately $800,000 as of its latest SEC filing.
• Several institutional investors have increased their positions in CrowdStrike, with ownership by institutional investors now at 71.16% of the company's stock.
• CrowdStrike’s stock price rose by 1.8%, with the company recently reporting $1.17 billion in quarterly revenue, surpassing analyst expectations.

Smith Anglin Financial LLC decreased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 28.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,571 shares of the company's stock after selling 613 shares during the period. Smith Anglin Financial LLC's holdings in CrowdStrike were worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CRWD. Financial Management Professionals Inc. grew its position in CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock worth $36,000 after acquiring an additional 34 shares during the last quarter. Cloud Capital Management LLC bought a new stake in CrowdStrike during the 1st quarter worth $25,000. Vision Financial Markets LLC bought a new stake in CrowdStrike during the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew 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 acquiring an additional 40 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its position 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 last quarter. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the president directly owned 399,116 shares in the company, valued at $197,837,810.04. This represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,513 shares of company stock worth $60,652,048 over the last three months. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.8%

Shares of CRWD opened at $481.42 on Monday. The company has a market capitalization of $120.82 billion, a PE ratio of -404.55, a PEG ratio of 113.13 and a beta of 1.12. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average price is $443.79 and its two-hundred day moving average price is $436.03. CrowdStrike has a 12 month low of $272.67 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm's revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. 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 anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRWD. BMO Capital Markets boosted their price objective on CrowdStrike from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Sanford C. Bernstein reduced their price objective on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a research report on Thursday, August 28th. KeyCorp boosted their price objective on CrowdStrike from $495.00 to $510.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. JMP Securities lifted their target price on CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a report on Tuesday, September 23rd. Finally, Piper Sandler cut their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $483.79.

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.

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