Smithfield Trust Co Sells 337 Shares of CrowdStrike $CRWD

Smithfield Trust Co reduced its position in CrowdStrike (NASDAQ:CRWD) by 56.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257 shares of the company’s stock after selling 337 shares during the quarter. Smithfield Trust Co’s holdings in CrowdStrike were worth $132,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Nuveen LLC bought a new position in CrowdStrike during the first quarter valued at approximately $595,766,000. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after purchasing an additional 955,529 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after purchasing an additional 760,222 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 2.9%

Shares of NASDAQ:CRWD opened at $529.78 on Friday. The stock’s 50-day moving average is $497.35 and its 200 day moving average is $470.67. The company has a market cap of $132.95 billion, a PE ratio of -445.19, a P/E/G ratio of 128.27 and a beta of 1.16. 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 has a 1 year low of $298.00 and a 1 year high of $566.90.

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. 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.04 EPS. The business’s quarterly 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. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the transaction, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,622 shares of company stock valued at $58,561,456 over the last quarter. 3.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Daiwa Capital Markets boosted their price target on shares of CrowdStrike from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. TD Cowen lifted their price objective on CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Wedbush increased their target price on CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Oppenheimer raised 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 given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.49.

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.