Tyche Wealth Partners LLC Trims Stake in CrowdStrike $CRWD

Key Points

• Tyche Wealth Partners LLC reduced its stake in CrowdStrike by 15.7% during the second quarter, now holding 3,481 shares valued at approximately $1.77 million.
• A number of institutional investors have recently altered their positions in CrowdStrike, increasing the company's institutional ownership to 71.16%.
• Despite mixed ratings from analysts, CrowdStrike's stock currently has a consensus price target of $487.11 and an average rating of "Moderate Buy."

Tyche Wealth Partners LLC decreased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 15.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,481 shares of the company's stock after selling 649 shares during the period. Tyche Wealth Partners LLC's holdings in CrowdStrike were worth $1,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth approximately $51,000. Tcfg Wealth Management LLC grew its holdings in shares of CrowdStrike by 10.6% during the 2nd quarter. Tcfg Wealth Management LLC now owns 832 shares of the company's stock worth $424,000 after acquiring an additional 80 shares during the period. Roberts Wealth Advisors LLC grew its holdings in shares of CrowdStrike by 3.0% during the 2nd quarter. Roberts Wealth Advisors LLC now owns 3,996 shares of the company's stock worth $2,035,000 after acquiring an additional 118 shares during the period. Trueblood Wealth Management LLC grew its holdings in shares of CrowdStrike by 42.7% during the 2nd quarter. Trueblood Wealth Management LLC now owns 1,026 shares of the company's stock worth $523,000 after acquiring an additional 307 shares during the period. Finally, Elm3 Financial Group LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth approximately $529,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. DA Davidson upped their target price on CrowdStrike from $490.00 to $515.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Royal Bank Of Canada restated an "outperform" rating and issued a $510.00 price target on shares of CrowdStrike in a research note on Thursday, September 18th. Weiss Ratings restated a "sell (d)" rating on shares of CrowdStrike in a research note on Saturday, September 27th. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Finally, Jefferies Financial Group upped their price target on CrowdStrike from $500.00 to $515.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $487.11.

CrowdStrike Stock Performance

CRWD stock opened at $495.95 on Tuesday. The stock has a market capitalization of $124.46 billion, a PE ratio of -416.76, a price-to-earnings-growth ratio of 115.12 and a beta of 1.19. CrowdStrike has a 12-month low of $285.79 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's 50 day simple moving average is $446.69 and its 200 day simple moving average is $441.44.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period 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. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 20,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,816 shares of company stock worth $62,606,356 in the last three months. Corporate insiders own 3.32% of the company's stock.

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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