Elite Wealth Management Inc. Buys 423 Shares of CrowdStrike $CRWD

Elite Wealth Management Inc. lifted its stake in CrowdStrike (NASDAQ:CRWD) by 38.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,537 shares of the company’s stock after buying an additional 423 shares during the period. CrowdStrike makes up approximately 0.3% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Elite Wealth Management Inc.’s holdings in CrowdStrike were worth $783,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new stake in CrowdStrike during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in CrowdStrike during the first quarter worth $30,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $509.13 on Friday. The company has a market capitalization of $127.77 billion, a price-to-earnings ratio of -427.84, a PEG ratio of 119.83 and a beta of 1.19. CrowdStrike has a twelve month low of $294.68 and a twelve month high of $517.98. The stock has a fifty day simple moving average of $449.10 and a 200 day simple moving average of $443.15. 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) last posted 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. 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 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, August 28th. Stephens upped their target price on CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays upped their target price on CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. BTIG Research restated a “buy” rating and set a $489.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald upped their target price on CrowdStrike from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $493.33.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares in the company, valued at $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the sale, the president owned 379,116 shares of the company’s stock, valued at $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,816 shares of company stock valued at $62,606,356 over the last ninety days. 3.32% of the stock is currently 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.