Mitchell Capital Management Co. Sells 2,105 Shares of CrowdStrike $CRWD

Mitchell Capital Management Co. reduced its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 10.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,646 shares of the company’s stock after selling 2,105 shares during the period. CrowdStrike makes up approximately 1.6% of Mitchell Capital Management Co.’s portfolio, making the stock its 12th largest position. Mitchell Capital Management Co.’s holdings in CrowdStrike were worth $8,399,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after acquiring an additional 215 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock worth $8,483,000 after acquiring an additional 5,998 shares in the last quarter. Benchmark Investment Advisors LLC grew its stake in shares of CrowdStrike by 90.8% during the 1st quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company’s stock worth $3,613,000 after acquiring an additional 4,877 shares in the last quarter. Finally, Ascent Group LLC bought a new position in shares of CrowdStrike in the first quarter valued at $1,596,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The shares were 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 owned 768,511 shares in the company, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 157,816 shares of company stock worth $75,331,356. Insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. New Street Research set a $460.00 target price on shares of CrowdStrike in a research note on Thursday, August 28th. 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, October 3rd. DZ Bank cut shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 target price for the company. in a research note on Wednesday, September 24th. Finally, BTIG Research reissued a “buy” rating and issued a $489.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $493.33.

CrowdStrike Stock Down 3.0%

CRWD opened at $493.66 on Monday. CrowdStrike has a fifty-two week low of $294.68 and a fifty-two week high of $517.98. 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 company has a market capitalization of $123.89 billion, a P/E ratio of -414.84, a P/E/G ratio of 116.01 and a beta of 1.19. The stock has a fifty day moving average of $450.04 and a 200-day moving average of $444.95.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating 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%.CrowdStrike’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 analysts expect that CrowdStrike will post 0.55 EPS for the current 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.