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

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

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of CrowdStrike in the second quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its position in shares of CrowdStrike by 91.9% in the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after acquiring an additional 34 shares during the period. Wealth Watch Advisors INC bought a new stake in shares of CrowdStrike in the second quarter valued at approximately $37,000. Cloud Capital Management LLC bought a new position in CrowdStrike in the first quarter worth $25,000. Finally, Vision Financial Markets LLC bought a new position in CrowdStrike in the first quarter worth $26,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO George Kurtz sold 17,830 shares of the firm’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 approximately $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $528.77, for a total value of $2,643,850.00. Following the completion of the sale, the director owned 770,456 shares of the company’s stock, valued at approximately $407,394,019.12. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 156,840 shares of company stock valued at $75,350,186 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Oppenheimer raised 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. The Goldman Sachs Group raised their target price on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Barclays raised 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein reduced their target price on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a research report on Thursday, August 28th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $505.78.

CrowdStrike Stock Performance

CrowdStrike stock opened at $538.68 on Friday. 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 fifty day moving average price of $473.00 and a two-hundred day moving average price of $459.79. CrowdStrike has a 52-week low of $294.68 and a 52-week high of $553.64. The firm has a market capitalization of $135.19 billion, a P/E ratio of -452.67, a P/E/G ratio of 128.19 and a beta of 1.19.

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. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, analysts anticipate that CrowdStrike will post 0.55 EPS 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.