Tyche Wealth Partners LLC Sells 649 Shares of CrowdStrike $CRWD

Tyche Wealth Partners LLC trimmed its position in shares of CrowdStrike (NASDAQ:CRWD) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,481 shares of the company’s stock after selling 649 shares during the quarter. Tyche Wealth Partners LLC’s holdings in CrowdStrike were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its holdings in shares of CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after buying an additional 34 shares during the period. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of 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 during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the 1st 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 period. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRWD shares. Royal Bank Of Canada restated an “outperform” rating and issued a $510.00 price objective on shares of CrowdStrike in a research note on Thursday, September 18th. Canaccord Genuity Group upped their price objective on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research note on Monday, September 22nd. Capital One Financial upped their price objective on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Stifel Nicolaus upped their price objective on CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Wedbush restated a “buy” rating on shares of CrowdStrike in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $487.11.

CrowdStrike Trading Up 1.2%

Shares of CRWD stock opened at $495.95 on Tuesday. CrowdStrike has a 52-week low of $285.79 and a 52-week high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $124.46 billion, a PE ratio of -416.76, a PEG ratio of 115.12 and a beta of 1.19. The stock has a fifty day simple moving average of $446.69 and a two-hundred day simple moving average of $441.44.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $1.04 EPS. CrowdStrike’s revenue for the quarter was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 10,706 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the transaction, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,816 shares of company stock worth $62,606,356 in the last three months. 3.32% of the stock is owned by company insiders.

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.