Beacon Financial Advisory LLC Trims Stock Holdings in CrowdStrike $CRWD

Beacon Financial Advisory LLC lessened its stake in shares of CrowdStrike (NASDAQ:CRWD) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,716 shares of the company’s stock after selling 207 shares during the quarter. Beacon Financial Advisory LLC’s holdings in CrowdStrike were worth $1,383,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Gemmer Asset Management LLC purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $211,000. Kickstand Ventures LLC. purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $241,000. Simplicity Wealth LLC raised its stake in shares of CrowdStrike by 60.5% during the second quarter. Simplicity Wealth LLC now owns 2,171 shares of the company’s stock worth $1,106,000 after purchasing an additional 818 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of CrowdStrike by 3.6% during the second quarter. OLD National Bancorp IN now owns 728 shares of the company’s stock worth $371,000 after purchasing an additional 25 shares during the last quarter. Finally, MBL Wealth LLC raised its stake in shares of CrowdStrike by 5.5% during the second quarter. MBL Wealth LLC now owns 1,160 shares of the company’s stock worth $591,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the 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 transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,816 shares of company stock valued at $62,606,356 in the last three months. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRWD shares. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, August 28th. DA Davidson upped their price target on CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group cut their price target on CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Macquarie upped their price objective on CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, KeyCorp upped their price objective on CrowdStrike from $495.00 to $510.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $487.11.

CrowdStrike Stock Down 1.4%

Shares of NASDAQ:CRWD opened at $489.88 on Friday. 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 $283.80 and a 52-week high of $517.98. The stock’s fifty day simple moving average is $446.22 and its 200-day simple moving average is $440.01. The company has a market capitalization of $122.94 billion, a P/E ratio of -411.66, a P/E/G ratio of 115.12 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $1.04 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. 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, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.