Ritholtz Wealth Management Buys 2,205 Shares of CrowdStrike $CRWD

Key Points

• Ritholtz Wealth Management increased its stake in CrowdStrike by 57.7% during the second quarter, acquiring an additional 2,205 shares for a total of $3,071,000 in holdings.
• CrowdStrike reported a 21.4% year-over-year revenue increase to $1.17 billion and earnings per share of $0.93, exceeding analysts' estimates.
• Insider sales included CEO George Kurtz selling 17,830 shares for approximately $8.82 million, reducing his ownership by 0.84%.

Ritholtz Wealth Management raised its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 57.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,029 shares of the company's stock after purchasing an additional 2,205 shares during the period. Ritholtz Wealth Management's holdings in CrowdStrike were worth $3,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Patron Partners LLC lifted its position in CrowdStrike by 2.1% during the second quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after purchasing an additional 22 shares during the last quarter. Real Talk Capital LLC lifted its holdings 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 lifted its holdings in shares of CrowdStrike by 20.8% in 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 during the last quarter. Close Asset Management Ltd lifted its holdings in shares of CrowdStrike by 23.8% in 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 during the last quarter. Finally, Ramirez Asset Management Inc. lifted its holdings in shares of CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 0.0%

NASDAQ:CRWD opened at $489.02 on Thursday. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $517.98. The company has a market cap of $122.72 billion, a price-to-earnings ratio of -410.94, a price-to-earnings-growth ratio of 114.90 and a beta of 1.19. The stock has a fifty day simple moving average of $452.81 and a 200-day simple moving average of $446.60. 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 quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $1.04 EPS. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Macquarie raised their price objective on CrowdStrike from $465.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. Needham & Company LLC raised their price target on CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. TD Cowen raised their price target on CrowdStrike from $500.00 to $580.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Canaccord Genuity Group raised their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a "hold" rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $494.02.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares of the company's stock, valued at $315,335,433.52. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,743 shares of company stock valued at $74,348,319. Insiders own 3.32% of the company's stock.

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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