RF&L Wealth Management LLC Raises Position in CrowdStrike $CRWD

Key Points

• RF&L Wealth Management LLC increased its stake in CrowdStrike by 28.6% during the second quarter, bringing its holdings to 4,500 shares valued at approximately $2.29 million.
• CrowdStrike's share price opened at $436.10, with a market cap of $109.44 billion and a P/E ratio of -366.47, indicating potential volatility.
• The company reported $1.17 billion in revenue for the last quarter, which was a 21.4% year-over-year increase, surpassing analyst expectations.

RF&L Wealth Management LLC raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the company's stock after buying an additional 1,000 shares during the period. CrowdStrike comprises about 1.5% of RF&L Wealth Management LLC's portfolio, making the stock its 22nd largest holding. RF&L Wealth Management LLC's holdings in CrowdStrike were worth $2,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CRWD. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC raised its holdings in CrowdStrike by 114.3% in the 1st 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. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 0.6%

Shares of CRWD opened at $436.10 on Friday. The firm has a market cap of $109.44 billion, a P/E ratio of -366.47, a price-to-earnings-growth ratio of 135.63 and a beta of 1.12. CrowdStrike has a 12-month low of $256.00 and a 12-month high of $517.98. The company's 50-day moving average price is $445.98 and its 200 day moving average price is $427.16. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. 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 forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRWD shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. New Street Research set a $460.00 target price on CrowdStrike in a report on Thursday, August 28th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. Roth Capital boosted their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, UBS Group dropped their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nineteen have given a Hold rating to the company's stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $460.10.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,734 shares of company stock worth $67,337,728 in the last three months. Company 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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