Granite Bay Wealth Management LLC Invests $297,000 in CrowdStrike $CRWD

Key Points

• Granite Bay Wealth Management LLC invested approximately $297,000 in CrowdStrike, acquiring 583 shares during the second quarter.
• Insider trading activity showed CFO Burt W. Podbere sold 11,883 shares worth over $5.4 million, reducing his ownership by 4.89%.
• CrowdStrike recently reported earnings of $0.93 per share, surpassing analyst expectations, and set future guidance for FY 2026 at 3.600-3.72 EPS.

Granite Bay Wealth Management LLC purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 583 shares of the company's stock, valued at approximately $297,000.

Other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the first quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC grew its position 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 purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position 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 during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike in the first quarter valued at $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $5,412,350.01. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,734 shares of company stock valued at $67,337,728 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CRWD stock opened at $436.10 on Monday. The stock has a 50-day moving average price of $445.98 and a two-hundred day moving average price of $427.49. CrowdStrike has a 12-month low of $256.00 and a 12-month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $109.44 billion, a PE ratio of -366.47, a price-to-earnings-growth ratio of 136.48 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. 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, research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $510.00 price objective on CrowdStrike and gave the company an "outperform" rating in a research report on Thursday, August 28th. Morgan Stanley lowered their price objective on CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Sanford C. Bernstein lowered their price objective on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. Stifel Nicolaus lifted their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group lowered their price objective on CrowdStrike from $530.00 to $500.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $460.10.

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.

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