Zevenbergen Capital Investments LLC Sells 23,572 Shares of CrowdStrike $CRWD

Key Points

• Zevenbergen Capital Investments LLC has reduced its holdings in CrowdStrike by 8.2%, selling 23,572 shares and now owning approximately 262,569 shares of the stock.
• Insider transactions included Michael Sentonas, President, selling 11,527 shares, and George Kurtz, CEO, selling 42,267 shares, indicating a decrease in their positions.
• Research firms have issued varied ratings on CrowdStrike, with Oppenheimer setting a price objective of $520.00 and several firms lowering their targets, reflecting a cautious sentiment among analysts.

Zevenbergen Capital Investments LLC trimmed its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 262,569 shares of the company's stock after selling 23,572 shares during the period. CrowdStrike accounts for approximately 2.6% of Zevenbergen Capital Investments LLC's holdings, making the stock its 13th largest position. Zevenbergen Capital Investments LLC owned about 0.11% of CrowdStrike worth $133,729,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after buying an additional 215 shares during the period. OLD National Bancorp IN bought a new stake in shares of CrowdStrike during the 1st quarter worth $248,000. Bessemer Group Inc. boosted its holdings in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC boosted its holdings in shares of CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after buying an additional 4,877 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the transaction, the president owned 410,677 shares in the company, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,734 shares of company stock worth $67,337,728. Insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Oppenheimer reaffirmed an "outperform" rating and set a $520.00 price objective on shares of CrowdStrike in a report on Thursday, August 28th. Evercore ISI decreased their price objective on shares of CrowdStrike from $425.00 to $405.00 and set an "in-line" rating for the company in a report on Thursday, August 28th. Morgan Stanley decreased their price objective on shares of CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Macquarie reaffirmed a "neutral" rating and set a $465.00 price objective on shares of CrowdStrike in a report on Friday, August 29th. Finally, JMP Securities reiterated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $460.10.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $436.10 on Friday. The stock has a market cap of $109.44 billion, a P/E ratio of -366.47, a PEG ratio of 135.63 and a beta of 1.12. CrowdStrike has a one year low of $256.00 and a one year high of $517.98. The company has a fifty day moving average price of $445.98 and a 200 day moving average price of $427.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business's revenue was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.