CreativeOne Wealth LLC Raises Stake in CrowdStrike $CRWD

Key Points

• CreativeOne Wealth LLC increased its stake in CrowdStrike by 11.0%, owning 6,654 shares valued at $2.35 million as of the latest SEC filing.
• CrowdStrike reported a better-than-expected EPS of $0.93 for the last quarter, exceeding analysts' estimates, with revenues growing 21.4% year-over-year.
• Several analysts have revised CrowdStrike's price targets, with ranges from $420.00 to $475.00 while maintaining a consensus rating of "Moderate Buy".

CreativeOne Wealth LLC boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,654 shares of the company's stock after buying an additional 660 shares during the quarter. CreativeOne Wealth LLC's holdings in CrowdStrike were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $442.00 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $110.17 billion, a PE ratio of -371.43 and a beta of 1.13. The business has a 50 day moving average of $462.52 and a 200 day moving average of $427.58. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its 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 company 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 1.58% and a negative net margin of 6.84%.The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC cut their target price on CrowdStrike from $530.00 to $475.00 and set a "buy" rating for the company in a research note on Thursday. Roth Capital increased their price objective on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Scotiabank dropped their price objective on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Thursday. Rosenblatt Securities decreased their price objective on shares of CrowdStrike from $515.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, DA Davidson decreased their price objective on shares of CrowdStrike from $530.00 to $490.00 and set a "buy" rating on the stock in a research report on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $456.98.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on 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 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 204,414 shares of company stock valued at $96,794,738 over the last 90 days. Company insiders own 3.32% of the company's stock.

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.

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