Beck Bode LLC Sells 2,576 Shares of CrowdStrike $CRWD

Beck Bode LLC trimmed its holdings in CrowdStrike (NASDAQ:CRWD) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 41,636 shares of the company’s stock after selling 2,576 shares during the period. CrowdStrike accounts for approximately 3.6% of Beck Bode LLC’s portfolio, making the stock its 4th largest position. Beck Bode LLC’s holdings in CrowdStrike were worth $21,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $26,000. AlphaQuest LLC purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $26,000. Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike during the first quarter worth $30,000. Saudi Central Bank purchased a new position in CrowdStrike in the 1st quarter valued at $34,000. Finally, Financial Management Professionals Inc. increased 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 buying an additional 34 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $556.73 on Wednesday. The business has a 50 day moving average price of $492.35 and a 200 day moving average price of $469.72. The company has a market capitalization of $139.72 billion, a P/E ratio of -467.84, a PEG ratio of 131.02 and a beta of 1.16. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $558.98. 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 (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. 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 expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. KeyCorp raised their target price on shares of CrowdStrike from $495.00 to $510.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Needham & Company LLC increased their price target on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Arete raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price objective on the stock in a report on Tuesday, October 28th. Jefferies Financial Group boosted their target price on CrowdStrike from $500.00 to $515.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Finally, Citigroup reissued an “outperform” rating on shares of CrowdStrike in a report on Tuesday, September 23rd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.80.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by insiders.

CrowdStrike Company 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.