Stephens Investment Management Group LLC Sells 12,567 Shares of CrowdStrike $CRWD

Key Points

• Stephens Investment Management Group LLC reduced its stake in CrowdStrike by 38.6%, selling 12,567 shares and now holding 19,957 shares worth approximately $10.16 million.
• Despite the sale by Stephens, other institutional investors are actively buying, with significant increases in holdings reported by firms like Bessemer Group and Geneos Wealth Management.
• CrowdStrike's recent earnings report showed a 21.4% year-over-year revenue increase, with a reported $1.17 billion in revenue and earnings per share surpassing estimates.

Stephens Investment Management Group LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 38.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,957 shares of the company's stock after selling 12,567 shares during the quarter. Stephens Investment Management Group LLC's holdings in CrowdStrike were worth $10,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its position in 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 purchasing an additional 98 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after purchasing an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in CrowdStrike in the second quarter worth $397,000. Pegasus Asset Management Inc. boosted its position in CrowdStrike by 3.4% in the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company's stock worth $1,238,000 after purchasing an additional 79 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in CrowdStrike in the second quarter worth $899,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. UBS Group cut their price objective on CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. Capital One Financial upped their price target on CrowdStrike from $495.00 to $519.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. BMO Capital Markets upped their price target on CrowdStrike from $450.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Finally, JMP Securities upped their price target on CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $496.47.

CrowdStrike Stock Performance

Shares of CRWD opened at $500.11 on Thursday. The stock's 50-day simple moving average is $459.42 and its 200 day simple moving average is $451.56. The stock has a market capitalization of $125.51 billion, a price-to-earnings ratio of -420.26, a price-to-earnings-growth ratio of 118.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the transaction, the president directly owned 379,116 shares in the company, valued at $189,558,000. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the company'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 completion of the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,090 shares of company stock valued at $75,500,649 over the last 90 days. 3.32% of the stock is owned by insiders.

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.

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