Kovack Advisors Inc. Purchases 2,225 Shares of CrowdStrike $CRWD

Kovack Advisors Inc. boosted its position in CrowdStrike (NASDAQ:CRWD) by 54.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,288 shares of the company’s stock after acquiring an additional 2,225 shares during the period. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $3,203,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new position in CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new position in CrowdStrike in the first quarter valued at about $26,000. AlphaQuest LLC bought a new position in CrowdStrike in the second quarter valued at about $26,000. Finally, Neo Ivy Capital Management bought a new position in CrowdStrike in the first quarter valued at about $30,000. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the sale, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 156,840 shares of company stock worth $75,350,186. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWD. Morgan Stanley boosted their target price on CrowdStrike from $460.00 to $475.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. Arete Research set a $706.00 target price on CrowdStrike in a research report on Tuesday. Oppenheimer boosted their target price on CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays boosted their target price on CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, Stephens boosted their target price on CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $505.78.

CrowdStrike Trading Down 1.3%

NASDAQ:CRWD opened at $538.68 on Friday. CrowdStrike has a fifty-two week low of $294.68 and a fifty-two week 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. The stock has a market capitalization of $135.19 billion, a PE ratio of -452.67, a price-to-earnings-growth ratio of 128.19 and a beta of 1.19. The business’s 50-day simple moving average is $473.00 and its 200-day simple moving average is $459.79.

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 the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $1.04 EPS. CrowdStrike’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. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.