Next Century Growth Investors LLC Sells 3,833 Shares of CrowdStrike $CRWD

Next Century Growth Investors LLC trimmed its stake in CrowdStrike (NASDAQ:CRWD) by 66.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,941 shares of the company’s stock after selling 3,833 shares during the period. Next Century Growth Investors LLC’s holdings in CrowdStrike were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of CRWD. Vanguard Group Inc. increased its position in CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares in the last quarter. State Street Corp lifted its position in shares of CrowdStrike by 3.6% during the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after buying an additional 370,965 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 5.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after acquiring an additional 273,922 shares during the period. Laurel Wealth Advisors LLC grew its stake in shares of CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Finally, Norges Bank purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $1,638,365,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 6,975 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the completion of the transaction, the chief executive officer owned 2,108,082 shares in the company, valued at $1,159,213,210.98. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 550 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $525.45, for a total transaction of $288,997.50. Following the completion of the sale, the director owned 764,906 shares in the company, valued at approximately $401,919,857.70. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,672 shares of company stock valued at $60,280,613 over the last quarter. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $519.54 on Thursday. The firm has a market cap of $130.38 billion, a PE ratio of -412.33, a PEG ratio of 125.38 and a beta of 1.09. The stock has a 50 day moving average of $516.49 and a 200 day moving average of $481.27. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWD. DA Davidson reaffirmed a “buy” rating and set a $580.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. KeyCorp raised their price objective on shares of CrowdStrike from $510.00 to $570.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Cowen restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, December 3rd. HSBC upped their target price on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Finally, BNP Paribas Exane raised their price target on CrowdStrike from $350.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $554.74.

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.