Centric Wealth Management Grows Stock Position in CrowdStrike $CRWD

Key Points

• Centric Wealth Management increased its holdings in CrowdStrike by 39.5% in the 1st quarter, bringing their total ownership to approximately $2.11 million at the end of the period.
• CrowdStrike's most recent earnings report showed a 21.4% year-over-year revenue growth, with earnings per share exceeding analysts' expectations.
• Several brokerages have revised their price targets for CrowdStrike, with Susquehanna raising it to $530.00 and Raymond James setting it at $485.00, reflecting strong investor confidence.

Centric Wealth Management raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 39.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,996 shares of the company's stock after buying an additional 1,699 shares during the quarter. Centric Wealth Management's holdings in CrowdStrike were worth $2,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares during the period. OLD National Bancorp IN purchased a new position in CrowdStrike during the first quarter valued at $248,000. Bessemer Group Inc. lifted its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares during the period. CX Institutional purchased a new position in CrowdStrike during the first quarter valued at $175,000. Finally, Ritholtz Wealth Management lifted its position in CrowdStrike by 23.8% during the first quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock valued at $1,348,000 after buying an additional 736 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,164 shares of company stock worth $88,876,050 in the last quarter. Insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CRWD shares. Rosenblatt Securities lowered their price objective on CrowdStrike from $515.00 to $490.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. Oppenheimer reiterated an "outperform" rating and issued a $520.00 price target on shares of CrowdStrike in a research note on Thursday, August 28th. Cfra reiterated a "hold" rating and issued a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Canaccord Genuity Group dropped their price target on shares of CrowdStrike from $475.00 to $430.00 and set a "hold" rating on the stock in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada set a $510.00 price target on shares of CrowdStrike and gave the stock an "outperform" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have issued a Hold rating to the company's stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $460.10.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $1.55 during mid-day trading on Wednesday, reaching $411.95. The company's stock had a trading volume of 1,886,744 shares, compared to its average volume of 3,727,785. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98. The firm's fifty day moving average price is $458.67 and its two-hundred day moving average price is $427.00. The company has a current ratio of 1.88, a quick ratio of 1.85 and a debt-to-equity ratio of 0.20. The stock has a market cap of $102.68 billion, a P/E ratio of -346.35 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. 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. On average, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal 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.