SVB Wealth LLC Sells 623 Shares of CrowdStrike $CRWD

Key Points

• SVB Wealth LLC has reduced its stake in CrowdStrike by 15.8%, now holding 3,311 shares valued at approximately $1.17 million as of the end of the first quarter.
• Other institutions have increased their holdings in CrowdStrike, including a 39.9% increase by Goldman Sachs Group, bringing its total to 2.67 million shares valued at nearly $940 million.
• A number of analysts have raised their price targets for CrowdStrike, with the consensus target now at $460.81, reflecting overall positive sentiment toward the stock.

SVB Wealth LLC trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 15.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,311 shares of the company's stock after selling 623 shares during the period. SVB Wealth LLC's holdings in CrowdStrike were worth $1,168,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares during the period. Invesco Ltd. lifted its stake in CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after buying an additional 352,473 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in CrowdStrike by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,383,943 shares of the company's stock valued at $840,532,000 after buying an additional 445,612 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 1.2%

Shares of NASDAQ:CRWD traded up $5.01 during mid-day trading on Wednesday, reaching $422.61. 6,551,757 shares of the stock were exchanged, compared to its average volume of 3,668,054. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $105.34 billion, a P/E ratio of -612.48 and a beta of 1.13. CrowdStrike has a one year low of $242.25 and a one year high of $517.98. The stock's 50 day simple moving average is $464.64 and its 200-day simple moving average is $427.52.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. 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 research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Rosenblatt Securities raised their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Twenty-six equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $464.37.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,414 shares of company stock valued at $96,794,738. 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.