Turtle Creek Wealth Advisors LLC Purchases Shares of 1,766 CrowdStrike $CRWD

Key Points

• Turtle Creek Wealth Advisors LLC bought 1,766 shares of CrowdStrike, valued at approximately $899,000, during the second quarter, marking a new stake in the company.
• Analysts have varying ratings for CrowdStrike, with a consensus rating of "Moderate Buy" and an average price target of $494.02.
• Insider selling included CFO Burt W. Podbere and CEO George Kurtz, who sold a combined total of over $24 million in shares on August 5th.

Turtle Creek Wealth Advisors LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,766 shares of the company's stock, valued at approximately $899,000.

Several other large investors have also recently bought and sold shares of CRWD. Brighton Jones LLC boosted its holdings in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. GAMMA Investing LLC boosted its holdings in CrowdStrike by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock valued at $1,087,000 after purchasing an additional 936 shares during the period. Ritholtz Wealth Management boosted its holdings in CrowdStrike by 23.8% in the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock valued at $1,348,000 after purchasing an additional 736 shares during the period. Sound Income Strategies LLC boosted its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Sowell Financial Services LLC bought a new position in CrowdStrike in the 1st quarter valued at $1,630,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial raised their price target on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, September 18th. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $475.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Wednesday. Weiss Ratings restated a "sell (d)" rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Finally, UBS Group lowered their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $494.02.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,743 shares of company stock worth $74,348,319 in the last 90 days. 3.32% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $489.02 on Thursday. The stock has a market cap of $122.72 billion, a PE ratio of -410.94, a PEG ratio of 114.90 and a beta of 1.19. The company's fifty day moving average is $452.81 and its 200 day moving average is $446.60. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98. 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 issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

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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