Wedbush Securities Inc. Sells 12,020 Shares of CrowdStrike $CRWD

Wedbush Securities Inc. decreased its position in CrowdStrike (NASDAQ:CRWD) by 59.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,087 shares of the company’s stock after selling 12,020 shares during the period. Wedbush Securities Inc.’s holdings in CrowdStrike were worth $4,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. AlphaQuest LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its position in CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after acquiring an additional 34 shares during the last quarter. Wealth Watch Advisors INC acquired a new position in CrowdStrike during the 2nd quarter worth approximately $37,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $26,000. Finally, American National Bank & Trust raised its holdings in shares of CrowdStrike by 7,900.0% in the second quarter. American National Bank & Trust now owns 80 shares of the company’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Stifel Nicolaus lifted their target price on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Robert W. Baird upped their target price on CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. DA Davidson increased their price target on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Finally, Oppenheimer boosted their price target on CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $510.80.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 10,706 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. This represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,622 shares of company stock worth $58,561,456 over the last three months. Company insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $539.81 on Friday. The company has a market cap of $135.47 billion, a P/E ratio of -453.62, a P/E/G ratio of 125.14 and a beta of 1.16. The firm’s fifty day moving average price is $486.81 and its two-hundred day moving average price is $466.52. CrowdStrike has a one year low of $298.00 and a one year high of $555.81. 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) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Company 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.