Peterson Wealth Management Purchases 2,078 Shares of CrowdStrike $CRWD

Key Points

• Peterson Wealth Management increased its stake in CrowdStrike by 326.7%, owning a total of 2,714 shares valued at approximately $957,000 as of the end of the first quarter.
• Insider activity includes Director Roxanne S. Austin selling 15,000 shares and CEO George Kurtz selling 42,267 shares, with total transactions exceeding $26 million.
• CrowdStrike reported $1.17 billion in revenue for the last quarter, surpassing analysts' expectations, and earnings per share (EPS) of $0.93, beating estimates by $0.10.

Peterson Wealth Management grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 326.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,714 shares of the company's stock after purchasing an additional 2,078 shares during the period. Peterson Wealth Management's holdings in CrowdStrike were worth $957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc lifted its stake in CrowdStrike by 36.2% during the first quarter. Compass Financial Services Inc now owns 192 shares of the company's stock worth $68,000 after purchasing an additional 51 shares during the last quarter. 1248 Management LLC bought a new stake in CrowdStrike during the first quarter worth about $246,000. Nova Wealth Management Inc. lifted its stake in CrowdStrike by 12.5% during the first quarter. Nova Wealth Management Inc. now owns 405 shares of the company's stock worth $143,000 after purchasing an additional 45 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in CrowdStrike during the first quarter worth about $206,000. Finally, Strs Ohio bought a new stake in CrowdStrike during the first quarter worth about $62,872,000. Institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,734 shares of company stock worth $67,337,728 over the last 90 days. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Up 2.0%

Shares of NASDAQ:CRWD opened at $433.38 on Friday. CrowdStrike has a 1 year low of $252.48 and a 1 year high of $517.98. The company has a market cap of $108.76 billion, a PE ratio of -364.18, a P/E/G ratio of 132.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock's 50-day moving average is $447.53 and its 200 day moving average is $426.55.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $1.04 EPS. CrowdStrike's 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. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Susquehanna lifted their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Wedbush reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, August 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $460.10.

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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