Empower Advisory Group LLC Trims Holdings in CrowdStrike $CRWD

Empower Advisory Group LLC trimmed its holdings in CrowdStrike (NASDAQ:CRWD) by 24.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,997 shares of the company’s stock after selling 958 shares during the period. Empower Advisory Group LLC’s holdings in CrowdStrike were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CRWD. Foundations Investment Advisors LLC boosted its stake in CrowdStrike by 13.3% during the second quarter. Foundations Investment Advisors LLC now owns 6,213 shares of the company’s stock valued at $3,164,000 after buying an additional 728 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in CrowdStrike by 31.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 699,266 shares of the company’s stock worth $356,143,000 after acquiring an additional 165,911 shares during the last quarter. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 20.7% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 15,042 shares of the company’s stock worth $7,661,000 after acquiring an additional 2,577 shares in the last quarter. L & S Advisors Inc boosted its position in shares of CrowdStrike by 18.2% during the 2nd quarter. L & S Advisors Inc now owns 12,199 shares of the company’s stock valued at $6,213,000 after acquiring an additional 1,876 shares during the last quarter. Finally, King Wealth Management Group boosted its position in shares of CrowdStrike by 153.9% during the 2nd quarter. King Wealth Management Group now owns 26,830 shares of the company’s stock valued at $13,665,000 after acquiring an additional 16,261 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. DZ Bank downgraded shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target for the company. in a report on Wednesday, September 24th. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. Bank of America boosted their price objective on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, Arete Research set a $706.00 price objective on CrowdStrike in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $516.93.

Insiders Place Their Bets

In other news, 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 transaction of $2,564,500.00. Following the sale, the director owned 768,511 shares in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president owned 379,116 shares in the company, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 116,622 shares of company stock valued at $58,561,456 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $537.55 on Friday. 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’s fifty day moving average price is $499.74 and its 200-day moving average price is $471.74. The firm has a market cap of $134.90 billion, a P/E ratio of -451.72, a P/E/G ratio of 126.32 and a beta of 1.16. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted 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. The company had revenue of $1.17 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities research analysts expect 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.