Sumitomo Mitsui Trust Group Inc. Trims Position in CrowdStrike $CRWD

Sumitomo Mitsui Trust Group Inc. lowered its holdings in CrowdStrike (NASDAQ:CRWD) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 783,727 shares of the company’s stock after selling 33,710 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.31% of CrowdStrike worth $384,324,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Asset Planning Inc acquired a new position in shares of CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $26,000. Howard Hughes Medical Institute purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter worth $27,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter worth $33,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Arete Research set a $706.00 target price on CrowdStrike in a report on Tuesday, October 28th. Daiwa Capital Markets lifted their price objective on CrowdStrike from $530.00 to $560.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Evercore ISI raised their price target on shares of CrowdStrike from $430.00 to $460.00 and gave the company an “in-line” rating in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $621.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-two equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $555.10.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the transaction, the chief executive officer directly owned 2,090,532 shares of the company’s stock, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 836 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total transaction of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares of the company’s stock, valued at $20,849,868.58. The trade was a 1.88% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 73,395 shares of company stock valued at $36,920,217. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $470.61 on Monday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $118.64 billion, a price-to-earnings ratio of -373.50, a price-to-earnings-growth ratio of 113.19 and a beta of 1.03. The firm’s fifty day moving average price is $502.48 and its 200 day moving average price is $481.51.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. 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 forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.