HB Wealth Management LLC Has $5.10 Million Stock Position in CrowdStrike $CRWD

Key Points

• HB Wealth Management LLC increased its stake in CrowdStrike by 23.0%, acquiring 1,869 additional shares, bringing its total holdings to 10,012 shares valued at $5,100,000.
• CrowdStrike reported a quarterly earnings per share (EPS) of $0.93, exceeding analysts' expectations of $0.83, with revenue rising 21.4% year-over-year to $1.17 billion.
• Institutional investors own 71.16% of CrowdStrike, which witnessed significant stake adjustments from several firms including a notable increase by Nuveen LLC, which acquired a new stake worth approximately $595.77 million.

HB Wealth Management LLC lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 23.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,012 shares of the company's stock after buying an additional 1,869 shares during the period. HB Wealth Management LLC's holdings in CrowdStrike were worth $5,100,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Patron Partners LLC boosted its holdings in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after purchasing an additional 22 shares in the last quarter. Real Talk Capital LLC lifted its stake in shares of CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after acquiring an additional 24 shares during the last quarter. Tradewinds Capital Management LLC raised its position in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd raised its position in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. grew its holdings in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after acquiring an additional 25 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Truist Financial raised their target price on CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Cfra reaffirmed a "hold" rating and issued a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. DA Davidson boosted their target price on shares of CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Susquehanna boosted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities restated a "buy" rating and set a $490.00 price target on shares of CrowdStrike in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $484.95.

CrowdStrike Trading Up 0.6%

CRWD stock traded up $2.84 during trading on Wednesday, reaching $493.22. 394,276 shares of the stock were exchanged, compared to its average volume of 3,670,743. 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 business has a 50 day moving average price of $444.31 and a 200-day moving average price of $437.34. CrowdStrike has a 1 year low of $274.86 and a 1 year high of $517.98. The firm has a market capitalization of $123.78 billion, a price-to-earnings ratio of -415.56, a P/E/G ratio of 114.78 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 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. CrowdStrike'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. On average, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,762 shares of CrowdStrike stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $482.41, for a total transaction of $850,006.42. Following the completion of the sale, the chief accounting officer directly owned 37,255 shares in the company, valued at $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares of the company's stock, valued at $315,335,433.52. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,066 shares of company stock valued at $55,809,043. 3.32% of the stock is currently owned by company insiders.

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.