CrowdStrike $CRWD Shares Purchased by Palacios Wealth Management LLC

Key Points

• Palacios Wealth Management LLC increased its stake in CrowdStrike (NASDAQ:CRWD) by 11.3%, making it the 7th largest position in their portfolio, valued at $4.26 million.
• Several hedge funds, including Blue Trust Inc. and Geneos Wealth Management Inc., have also significantly increased their holdings in CrowdStrike during the first quarter of the year.
• CrowdStrike reported a 21.4% increase in revenue year-over-year, totaling $1.17 billion, and exceeded analysts' EPS estimates for the quarter with $0.93.

Palacios Wealth Management LLC raised its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,365 shares of the company's stock after acquiring an additional 849 shares during the period. CrowdStrike makes up 3.5% of Palacios Wealth Management LLC's portfolio, making the stock its 7th largest holding. Palacios Wealth Management LLC's holdings in CrowdStrike were worth $4,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike in the first quarter worth about $30,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,734 shares of company stock worth $67,337,728. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 0.0%

Shares of NASDAQ:CRWD traded down $0.08 during trading on Friday, reaching $502.55. The stock had a trading volume of 7,089,967 shares, compared to its average volume of 3,994,004. The stock has a market cap of $126.12 billion, a P/E ratio of -422.31, a PEG ratio of 120.33 and a beta of 1.12. The business has a fifty day moving average price of $442.94 and a 200-day moving average price of $430.74. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. 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, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research analyst reports. Needham & Company LLC upped their price objective on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company raised their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of CrowdStrike in a research note on Thursday. Piper Sandler decreased their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. Finally, DZ Bank raised CrowdStrike from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $473.85.

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.