TD Private Client Wealth LLC Cuts Holdings in CrowdStrike $CRWD

Key Points

• TD Private Client Wealth LLC significantly reduced its holdings in CrowdStrike by 65% during the second quarter, ending up with 314 shares valued at approximately $160,000.
• Several other institutional investors, including Brighton Jones LLC and AdvisorNet Financial Inc, have increased their stakes in CrowdStrike, indicating varying confidence levels among hedge funds and investors.
• Insider transactions included the sale of a substantial number of shares by CFO Burt W. Podbere and Director Roxanne S. Austin, contributing to a total of 128,513 shares sold by insiders in the last 90 days.

TD Private Client Wealth LLC cut its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 65.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 314 shares of the company's stock after selling 584 shares during the quarter. TD Private Client Wealth LLC's holdings in CrowdStrike were worth $160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Brighton Jones LLC boosted its holdings in CrowdStrike by 44.9% during the fourth 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 last quarter. AdvisorNet Financial Inc raised its position in CrowdStrike by 6.2% in the first quarter. AdvisorNet Financial Inc now owns 1,544 shares of the company's stock worth $544,000 after acquiring an additional 90 shares during the period. Rothschild Investment LLC raised its position in CrowdStrike by 38.5% in the first quarter. Rothschild Investment LLC now owns 306 shares of the company's stock worth $108,000 after acquiring an additional 85 shares during the period. Burr Financial Services LLC raised its position in CrowdStrike by 39.0% in the first quarter. Burr Financial Services LLC now owns 3,823 shares of the company's stock worth $1,348,000 after acquiring an additional 1,073 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in CrowdStrike by 3.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 15,455 shares of the company's stock worth $5,449,000 after acquiring an additional 561 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,513 shares of company stock worth $60,652,048 over the last 90 days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.8%

NASDAQ:CRWD opened at $481.42 on Monday. The company has a 50-day moving average price of $443.79 and a 200-day moving average price of $436.03. CrowdStrike has a 12 month low of $272.67 and a 12 month high of $517.98. 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 has a market cap of $120.82 billion, a price-to-earnings ratio of -404.55, a P/E/G ratio of 113.13 and a beta of 1.12.

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 the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last 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. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. BTIG Research reaffirmed a "buy" rating and issued a $489.00 price objective on shares of CrowdStrike in a research report on Thursday, September 18th. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a research report on Monday, September 22nd. Macquarie lifted their price objective on shares of CrowdStrike from $465.00 to $485.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Cfra reaffirmed a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Finally, Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $483.79.

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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