Stratos Wealth Partners LTD. Boosts Stake in CrowdStrike $CRWD

Key Points

• Stratos Wealth Partners LTD. increased its stake in CrowdStrike by 31.3% in Q2, bringing its total holdings to 22,152 shares worth approximately $11.28 million.
• Insider trading activity revealed that Director Sameer K. Gandhi and CEO George Kurtz sold significant portions of their shares, amounting to approximately $11.38 million combined, resulting in a slight decrease in their ownership.
• CrowdStrike's recent earnings reported a 21.4% increase in revenue year-over-year, with an EPS of $0.93, surpassing analysts' expectations of $0.83.

Stratos Wealth Partners LTD. raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 31.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,152 shares of the company's stock after buying an additional 5,279 shares during the period. Stratos Wealth Partners LTD.'s holdings in CrowdStrike were worth $11,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC boosted its position in CrowdStrike by 17.9% in the 2nd quarter. Angeles Wealth Management LLC now owns 889 shares of the company's stock valued at $453,000 after buying an additional 135 shares during the last quarter. Nordea Investment Management AB boosted its position in CrowdStrike by 3.6% in the 2nd quarter. Nordea Investment Management AB now owns 800,068 shares of the company's stock valued at $405,971,000 after buying an additional 27,720 shares during the last quarter. Activest Wealth Management lifted its position in shares of CrowdStrike by 57.4% during the second quarter. Activest Wealth Management now owns 277 shares of the company's stock worth $141,000 after purchasing an additional 101 shares during the last quarter. Latitude Advisors LLC bought a new position in shares of CrowdStrike during the second quarter worth about $203,000. Finally, Aire Advisors LLC lifted its position in shares of CrowdStrike by 10.3% during the second quarter. Aire Advisors LLC now owns 1,930 shares of the company's stock worth $983,000 after purchasing an additional 181 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's 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 transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,743 shares of company stock valued at $74,348,319 in the last ninety days. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $482.23 on Friday. The firm's 50-day moving average price is $453.95 and its two-hundred day moving average price is $447.49. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $517.98. The stock has a market capitalization of $121.02 billion, a P/E ratio of -405.23, a P/E/G ratio of 114.92 and a beta of 1.19. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $1.04 earnings per share. 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. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Robert W. Baird increased their price target on shares of CrowdStrike from $460.00 to $490.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday. Finally, BMO Capital Markets increased their price target on shares of CrowdStrike from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $494.02.

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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