QRG Capital Management Inc. Sells 17,162 Shares of CrowdStrike $CRWD

QRG Capital Management Inc. reduced its position in CrowdStrike (NASDAQ:CRWD) by 39.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,109 shares of the company’s stock after selling 17,162 shares during the quarter. QRG Capital Management Inc.’s holdings in CrowdStrike were worth $13,298,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Brighton Jones LLC raised its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Merit Financial Group LLC raised its stake in CrowdStrike by 30.2% in the first quarter. Merit Financial Group LLC now owns 4,390 shares of the company’s stock valued at $1,548,000 after purchasing an additional 1,019 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in CrowdStrike by 8.9% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 539 shares of the company’s stock valued at $190,000 after purchasing an additional 44 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in CrowdStrike by 14.0% in the first quarter. Signal Advisors Wealth LLC now owns 2,465 shares of the company’s stock valued at $869,000 after purchasing an additional 302 shares in the last quarter. Finally, Magnus Financial Group LLC raised its stake in CrowdStrike by 164.5% in the first quarter. Magnus Financial Group LLC now owns 1,865 shares of the company’s stock valued at $658,000 after purchasing an additional 1,160 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. TD Cowen raised their target price on shares of CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Cfra reiterated a “hold” rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. JMP Securities increased their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 23rd. Mizuho increased their price target on shares of CrowdStrike from $430.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Finally, Macquarie increased their price target on shares of CrowdStrike from $465.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $487.11.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 2,234 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.68, for a total value of $1,107,349.12. Following the completion of the transaction, the chief accounting officer owned 39,017 shares of the company’s stock, valued at approximately $19,339,946.56. The trade was a 5.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company’s stock, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,816 shares of company stock worth $62,606,356 in the last quarter. Insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $489.88 on Friday. CrowdStrike has a 1 year low of $283.80 and a 1 year high of $517.98. The stock has a 50-day moving average price of $446.22 and a 200-day moving average price of $440.01. 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 firm has a market cap of $122.94 billion, a PE ratio of -411.66, a P/E/G ratio of 115.12 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results 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 business 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 firm earned $1.04 EPS. CrowdStrike’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. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Profile

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.