Secure Asset Management LLC Lowers Stock Position in CrowdStrike $CRWD

Secure Asset Management LLC reduced its stake in shares of CrowdStrike (NASDAQ:CRWD) by 5.9% during the second quarter, Holdings Channel reports. The institutional investor owned 7,573 shares of the company’s stock after selling 478 shares during the period. CrowdStrike comprises 0.7% of Secure Asset Management LLC’s holdings, making the stock its 29th biggest position. Secure Asset Management LLC’s holdings in CrowdStrike were worth $3,857,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike during the first quarter valued at approximately $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.1%

Shares of NASDAQ CRWD opened at $445.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $111.80 billion, a P/E ratio of -374.37, a price-to-earnings-growth ratio of 139.26 and a beta of 1.12. CrowdStrike has a 1-year low of $263.45 and a 1-year high of $517.98. The business has a fifty day moving average price of $442.15 and a 200 day moving average price of $428.11.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during 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 business 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 research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,734 shares of company stock valued at $67,337,728. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRWD. UBS Group lowered their target price on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and issued a $520.00 target price on shares of CrowdStrike in a report on Thursday, August 28th. Piper Sandler lowered their target price on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Barclays set a $500.00 target price on shares of CrowdStrike in a report on Tuesday, June 3rd. Finally, DZ Bank raised shares of CrowdStrike from a “strong sell” rating to a “hold” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.60.

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.