Primoris Wealth Advisors LLC Has $4.88 Million Position in CrowdStrike $CRWD

Key Points

• Primoris Wealth Advisors LLC reduced its stake in CrowdStrike by 19.0%, ending with 9,584 shares valued at approximately $4.88 million, making it the firm's 6th largest position.
• CrowdStrike reported earnings of $0.93 per share, exceeding analysts' estimates, with a revenue of $1.17 billion, marking a 21.4% year-over-year increase.
• Several analysts have recently raised their price targets for CrowdStrike, with the average target now at $494.02, indicating a consensus rating of "Moderate Buy".

Primoris Wealth Advisors LLC lessened its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 19.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,584 shares of the company's stock after selling 2,241 shares during the period. CrowdStrike makes up approximately 3.3% of Primoris Wealth Advisors LLC's holdings, making the stock its 6th largest position. Primoris Wealth Advisors LLC's holdings in CrowdStrike were worth $4,881,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. 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 buying an additional 22 shares in the last quarter. Real Talk Capital LLC increased its holdings in CrowdStrike by 0.9% during 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 in the last quarter. Tradewinds Capital Management LLC increased its holdings in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after acquiring an additional 25 shares in the last quarter. Close Asset Management Ltd increased its holdings in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 25 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 1.4%

NASDAQ:CRWD opened at $482.23 on Friday. CrowdStrike has a fifty-two week low of $294.68 and a fifty-two week high of $517.98. 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 has a market capitalization of $121.02 billion, a PE ratio of -405.23, a price-to-earnings-growth ratio of 114.92 and a beta of 1.19. The business's 50-day simple moving average is $453.95 and its 200-day simple moving average is $447.49.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business'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 expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CRWD shares. DA Davidson lifted their price objective on shares of CrowdStrike from $490.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. TD Cowen lifted their price objective on shares of CrowdStrike from $500.00 to $580.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Robert W. Baird boosted their price objective on CrowdStrike from $460.00 to $490.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Rosenblatt Securities reaffirmed a "buy" rating and set a $490.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, JMP Securities lifted their target price on CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $494.02.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the sale, the chief executive officer owned 2,115,057 shares of the company's stock, valued at approximately $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the sale, the president owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,743 shares of company stock valued at $74,348,319 over the last ninety days. Insiders own 3.32% of the company's stock.

CrowdStrike Company 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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