CTC 13F: Exits CrowdStrike (CRWD) Stake

CTC closed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to a recent Form 13F filing with the Securities and Exchange Commission. The fund sold all 9,426 shares it previously held, marking a 100.0% decrease in its holdings. Because 13F filings are backward-looking and reflect positions as of the reporting period ending March 31, 2026, the report may not represent the investor's current portfolio today.

CrowdStrike Position Details

CTC opted to sell out of its stake entirely during the period. Previously, the fund held 9,426 shares of the cybersecurity specialist. This exit follows a period where other institutional investors have taken the opposite approach. For instance, AdvisorNet Financial recently boosted its investment by 325.4%, and B. Riley Wealth Advisors grew its position by 325.7% to more than 103,000 shares. These filings show a wide range of sentiment among large money managers regarding the software firm's valuation.

CrowdStrike Stock Momentum

Shares of CrowdStrike were trading at $742.91 on Friday. The stock has shown strong price action, staying significantly above its 50-day moving average of $232.08 and its 200-day moving average of $159.39. While the company is profitable, it trades at a very high trailing P/E ratio of 4,076.17, which is a common metric used to compare a stock's price to its per-share earnings. The stock's 52-week range has been between $85.68 and $286.99, indicating a substantial climb from its yearly lows.

Recent Earnings Performance

In its most recent financial reporting, CrowdStrike posted revenue of $5.40 billion, representing a 25.8% growth rate. The company maintains a net margin of 0.83% and a return on equity of 1.46%. While these margins are slim, the company's ability to grow its top-line revenue remains a primary focus for investors. CrowdStrike is scheduled to report its next set of earnings results on December 1, 2026.

Recent Insider Activity

Several company insiders have been active in the market recently. President and CEO George Kurtz sold 2,500 shares on three separate occasions in late June 2026. These trades took place on June 26 at $692.93 per share, June 23 at $681.40, and June 24 at $676.54. All of Mr. Kurtz's sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which allows insiders to set up a schedule for selling stock in advance. Additionally, Chief Accounting Officer Anurag Saha sold 1,497 shares on June 24, 2026, at an average price of $680.49 per share.

Analysts Set New Price Targets

Wall Street analysts have been busy updating their views on the stock throughout October 2026. On October 16, Keybanc maintained its Overweight rating and raised its price target from $245.00 to $265.00. Citigroup also showed optimism on October 15, keeping a Buy rating and lifting its target to $295.00. Other firms like Wells Fargo and BTIG have set even higher targets of $300.00 and $312.00, respectively. Currently, the consensus among 50 analysts is a Buy, with a mean price target of $246.15.

About CrowdStrike Holdings

CrowdStrike Holdings provides cloud-based cybersecurity services to businesses around the world. Its Falcon platform helps companies protect their data, devices, and cloud workloads from hackers and digital threats. Based in Austin, Texas, the company has grown quickly by offering a subscription model that allows clients to easily add new security features as their needs evolve.

What's Ahead for CrowdStrike Holdings, Inc.

Investors will likely keep a close eye on the upcoming December 1 earnings announcement to see if the company can maintain its high revenue growth. While the exit by CTC shows one fund moving to the sidelines, the flurry of recent price target increases from analysts suggests many still see potential in the cybersecurity market. As always, these 13F filings provide a snapshot of where the big money was several months ago, rather than a live look at current trading activity.