CrowdStrike $CRWD Position Lifted by King Wealth Management Group

King Wealth Management Group grew its stake in shares of CrowdStrike (NASDAQ:CRWD) by 153.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,830 shares of the company’s stock after acquiring an additional 16,261 shares during the period. CrowdStrike comprises approximately 1.9% of King Wealth Management Group’s holdings, making the stock its 12th biggest position. King Wealth Management Group’s holdings in CrowdStrike were worth $13,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Patron Partners LLC increased its holdings in CrowdStrike by 2.1% in the second quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock valued at $548,000 after buying an additional 22 shares during the last quarter. Real Talk Capital LLC grew its position 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 worth $963,000 after acquiring an additional 24 shares in the last quarter. Close Asset Management Ltd grew its position in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after acquiring an additional 25 shares in the last quarter. Ramirez Asset Management Inc. increased 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. Finally, Cladis Investment Advisory LLC raised its position in shares of CrowdStrike by 1.5% during the 1st quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company’s stock valued at $593,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $529.78 on Friday. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The stock’s fifty day moving average is $497.35 and its 200-day moving average is $470.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $132.95 billion, a price-to-earnings ratio of -445.19, a price-to-earnings-growth ratio of 128.27 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the transaction, the chief financial officer directly owned 220,424 shares in the company, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 17,830 shares of the business’s stock in a transaction 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 directly 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 is available in the SEC filing. In the last 90 days, insiders sold 116,622 shares of company stock valued at $58,561,456. Company insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRWD. TD Cowen lifted their price objective on shares of CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Daiwa Capital Markets raised their target price on shares of CrowdStrike from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CrowdStrike in a report on Wednesday, October 8th. Robert W. Baird raised their price target on CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, UBS Group lowered their price objective on CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $515.60.

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.