Wealth Management Associates Inc. Boosts Stake in CrowdStrike $CRWD

Wealth Management Associates Inc. lifted its position in CrowdStrike (NASDAQ:CRWD) by 6.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,767 shares of the company’s stock after buying an additional 297 shares during the quarter. CrowdStrike accounts for approximately 0.9% of Wealth Management Associates Inc.’s portfolio, making the stock its 28th biggest position. Wealth Management Associates Inc.’s holdings in CrowdStrike were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Redmond Asset Management LLC raised its holdings in shares of CrowdStrike by 3.4% in the 2nd quarter. Redmond Asset Management LLC now owns 2,930 shares of the company’s stock valued at $1,492,000 after buying an additional 96 shares during the period. New York Life Investment Management LLC raised its holdings in shares of CrowdStrike by 12.9% in the 2nd quarter. New York Life Investment Management LLC now owns 37,253 shares of the company’s stock valued at $18,973,000 after buying an additional 4,253 shares during the period. Howard Capital Management Inc. raised its holdings in shares of CrowdStrike by 24.1% in the 2nd quarter. Howard Capital Management Inc. now owns 6,787 shares of the company’s stock valued at $3,457,000 after buying an additional 1,319 shares during the period. Reliant Investment Partners LLC raised its holdings in shares of CrowdStrike by 4.0% in the 2nd quarter. Reliant Investment Partners LLC now owns 4,916 shares of the company’s stock valued at $2,504,000 after buying an additional 189 shares during the period. Finally, Clark Asset Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $317,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Barclays boosted their price objective on CrowdStrike from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. DZ Bank downgraded CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price objective on the stock. in a report on Wednesday, September 24th. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $440.00 to $600.00 in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on CrowdStrike from $430.00 to $435.00 and gave the stock a “hold” rating in a research note on Thursday, September 18th. Finally, Zacks Research raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.78.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company’s stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 163,090 shares of company stock valued at $78,144,499. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Up 3.3%

CRWD opened at $546.94 on Wednesday. The business has a fifty day moving average price of $467.99 and a 200 day moving average price of $458.06. The stock has a market capitalization of $137.26 billion, a price-to-earnings ratio of -459.61, a PEG ratio of 124.48 and a beta of 1.19. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $553.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period 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. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal 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.