Zevin Asset Management LLC Cuts Stock Position in CrowdStrike $CRWD

Zevin Asset Management LLC cut its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 1.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 33,657 shares of the company’s stock after selling 660 shares during the quarter. CrowdStrike accounts for approximately 2.5% of Zevin Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding. Zevin Asset Management LLC’s holdings in CrowdStrike were worth $17,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. AlphaQuest LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. raised its stake in CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after acquiring an additional 34 shares during the period. Wealth Watch Advisors INC bought a new position in CrowdStrike during the second quarter worth about $37,000. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter worth about $26,000. Finally, American National Bank & Trust lifted its stake in shares of CrowdStrike by 7,900.0% during the 2nd quarter. American National Bank & Trust now owns 80 shares of the company’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.2%

CRWD opened at $531.20 on Friday. The stock has a market cap of $133.31 billion, a PE ratio of -444.29, a P/E/G ratio of 125.52 and a beta of 1.16. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $555.81. The business’s fifty day simple moving average is $484.48 and its 200 day simple moving average is $465.29.

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 the consensus estimate 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue 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. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,000 shares of the company’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president owned 354,116 shares of the company’s stock, valued at approximately $182,369,740. This represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johanna Flower sold 2,347 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director directly owned 79,057 shares in the company, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 116,622 shares of company stock valued at $58,561,456 over the last 90 days. Company insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several recent research reports. BMO Capital Markets increased their target price on CrowdStrike from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Thursday, September 18th. Royal Bank Of Canada increased their price target on shares of CrowdStrike from $510.00 to $540.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Oppenheimer upped their target price on shares of CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Wedbush raised their price target on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.80.

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.