Clear Creek Financial Management LLC Reduces Stake in CrowdStrike $CRWD

Clear Creek Financial Management LLC lowered its holdings in CrowdStrike (NASDAQ:CRWD) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,319 shares of the company’s stock after selling 86 shares during the quarter. Clear Creek Financial Management LLC’s holdings in CrowdStrike were worth $1,690,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Nuveen LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC boosted its position 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 valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 during the period. Vanguard Group Inc. boosted its position 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 during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of CrowdStrike by 39.9% in 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 period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction 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 represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,816 shares of company stock worth $62,606,356. 3.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWD. Needham & Company LLC upped their target price on CrowdStrike from $475.00 to $535.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Oppenheimer reissued an “outperform” rating and issued a $520.00 target price on shares of CrowdStrike in a research report on Thursday, August 28th. Zacks Research raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. New Street Research set a $460.00 target price on CrowdStrike in a research report on Thursday, August 28th. Finally, DZ Bank cut CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price objective for the company. in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $493.33.

CrowdStrike Stock Down 0.2%

CrowdStrike stock opened at $509.13 on Friday. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $517.98. The stock has a 50 day moving average of $449.10 and a two-hundred day moving average of $443.15. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $127.77 billion, a price-to-earnings ratio of -427.84, a PEG ratio of 119.83 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. 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 year.

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.