Sumitomo Mitsui Trust Group Inc. Sells 20,187 Shares of CrowdStrike $CRWD

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its stake in CrowdStrike by 2.4%, selling 20,187 shares, and now holds approximately 0.33% of the company worth $416 million.
• CrowdStrike reported quarterly earnings of $0.93 EPS, surpassing analysts' expectations, and posted a revenue increase of 21.4% year-over-year.
• Insider trading activity includes CEO George Kurtz selling 42,267 shares while maintaining a significant stake in the company valued at approximately $960 million.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,437 shares of the company's stock after selling 20,187 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.33% of CrowdStrike worth $416,329,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $26,000. Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new stake in shares of CrowdStrike in the first quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.8%

Shares of NASDAQ:CRWD opened at $531.13 on Friday. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $528.08. The business's fifty day simple moving average is $461.36 and its 200-day simple moving average is $452.92. The company has a market capitalization of $133.29 billion, a PE ratio of -449.40, a P/E/G ratio of 117.52 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.04 EPS. The business's revenue was up 21.4% compared to the same quarter last year. 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, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRWD shares. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a report on Thursday, September 18th. Sanford C. Bernstein reduced their price target on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a report on Thursday, August 28th. Zacks Research upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. DZ Bank downgraded CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price objective on the stock. in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group raised their price objective on CrowdStrike from $492.00 to $535.00 and gave the stock a "buy" rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $496.47.

Insider Buying and Selling

In other news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares of the company's stock, valued at $315,335,433.52. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,090 shares of company stock valued at $75,500,649. 3.32% of the stock is owned by 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.

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