Western Wealth Management LLC Reduces Holdings in CrowdStrike $CRWD

Western Wealth Management LLC trimmed its position in shares of CrowdStrike (NASDAQ:CRWD) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,620 shares of the company’s stock after selling 192 shares during the period. Western Wealth Management LLC’s holdings in CrowdStrike were worth $4,900,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Advyzon Investment Management LLC increased its holdings in shares of CrowdStrike by 142.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after buying an additional 533 shares during the last quarter. Draper Asset Management LLC lifted its stake in shares of CrowdStrike by 59.1% in the 2nd quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock valued at $2,176,000 after purchasing an additional 1,619 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of CrowdStrike by 33.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock worth $8,483,000 after purchasing an additional 5,998 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $397,000. Finally, Pegasus Asset Management Inc. raised its holdings in CrowdStrike by 3.4% during the 2nd quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock valued at $1,238,000 after buying an additional 79 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. Jefferies Financial Group upped their target price on CrowdStrike from $500.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Arete upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price objective on the stock in a research note on Tuesday, October 28th. Daiwa Capital Markets boosted their price objective on shares of CrowdStrike from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. DA Davidson increased their target price on CrowdStrike from $490.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Finally, Capital One Financial boosted their price target on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $516.93.

CrowdStrike Trading Up 1.5%

NASDAQ CRWD opened at $537.55 on Friday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $134.90 billion, a PE ratio of -451.72, a P/E/G ratio of 126.32 and a beta of 1.16. The company has a fifty day moving average of $499.74 and a 200 day moving average of $471.74.

CrowdStrike (NASDAQ:CRWD) last released 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 analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. 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. Research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, 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 transaction of $2,564,500.00. Following the completion of the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 220,424 shares in the company, valued at approximately $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is owned by corporate insiders.

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.