Jennison Associates LLC Sells 452,175 Shares of CrowdStrike $CRWD

Jennison Associates LLC cut its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,113,100 shares of the company’s stock after selling 452,175 shares during the period. CrowdStrike accounts for approximately 1.8% of Jennison Associates LLC’s portfolio, making the stock its 12th biggest position. Jennison Associates LLC’s holdings in CrowdStrike were worth $3,113,463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Patron Partners LLC lifted its holdings in CrowdStrike by 2.1% during the second quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock worth $548,000 after acquiring an additional 22 shares in the last quarter. Real Talk Capital LLC lifted its holdings in CrowdStrike by 0.9% during the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock worth $963,000 after acquiring an additional 24 shares in the last quarter. Close Asset Management Ltd lifted its holdings in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after acquiring an additional 25 shares in the last quarter. Ramirez Asset Management Inc. lifted its holdings in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after acquiring an additional 25 shares in the last quarter. Finally, Cladis Investment Advisory LLC lifted its holdings in CrowdStrike by 1.5% during the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company’s stock worth $593,000 after acquiring an additional 25 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD opened at $546.94 on Wednesday. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $553.64. The firm has a market capitalization of $137.26 billion, a PE ratio of -459.61, a PEG ratio of 124.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The business’s 50-day simple moving average is $467.99 and its 200 day simple moving average is $458.06.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. 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. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the topic of several recent analyst reports. Zacks Research upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. BMO Capital Markets boosted their price target on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Evercore ISI boosted their price target on CrowdStrike from $405.00 to $430.00 in a report on Thursday, September 18th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, October 15th. Finally, TD Cowen boosted their price target on CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $505.78.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the sale, the director owned 79,057 shares in the company, valued at $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president owned 354,116 shares in the company, valued at $182,369,740. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 163,090 shares of company stock valued at $78,144,499. Company insiders own 3.32% of the company’s stock.

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.