CrowdStrike $CRWD is Palacios Wealth Management LLC's 7th Largest Position

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 increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,365 shares of the company's stock after acquiring an additional 849 shares during the period. CrowdStrike comprises approximately 3.5% of Palacios Wealth Management LLC's portfolio, making the stock its 7th biggest holding. Palacios Wealth Management LLC's holdings in CrowdStrike were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.7%

Shares of CrowdStrike stock traded down $8.43 during trading on Tuesday, reaching $484.71. The company's stock had a trading volume of 1,816,968 shares, compared to its average volume of 3,719,745. CrowdStrike has a 52-week low of $272.67 and a 52-week high of $517.98. The company has a market cap of $121.64 billion, a price-to-earnings ratio of -406.67, a PEG ratio of 120.33 and a beta of 1.12. The firm's 50-day moving average is $443.28 and its two-hundred day moving average is $431.86. 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 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company posted $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. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent analyst reports. Macquarie lifted their target price on CrowdStrike from $465.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, August 28th. KeyCorp upped their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Truist Financial increased their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Finally, Wedbush reissued a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and twenty have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $477.21.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction dated 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 approximately $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 have sold 99,973 shares of company stock valued at $46,586,987. 3.32% of the stock is owned by corporate insiders.

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.