Meridian Wealth Management LLC Acquires 2,613 Shares of CrowdStrike $CRWD

Meridian Wealth Management LLC increased its stake in CrowdStrike (NASDAQ:CRWD) by 19.5% during the second quarter, Holdings Channel.com reports. The firm owned 16,013 shares of the company’s stock after purchasing an additional 2,613 shares during the quarter. Meridian Wealth Management LLC’s holdings in CrowdStrike were worth $8,155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at approximately $26,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $26,000. Neo Ivy Capital Management bought a new position in CrowdStrike in the 1st quarter worth $30,000. Saudi Central Bank purchased a new stake in CrowdStrike in the 1st quarter worth $34,000. Finally, Financial Management Professionals Inc. raised its holdings in CrowdStrike by 91.9% during 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. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $537.55 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s fifty day moving average is $499.74 and its 200 day moving average is $471.46. The firm has a market capitalization of $134.90 billion, a PE ratio of -451.72, a PEG ratio of 124.49 and a beta of 1.16. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90.

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 for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous 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. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CRWD shares. Arete Research set a $706.00 price objective on CrowdStrike in a research note on Tuesday, October 28th. Arete raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 target price on the stock in a report on Tuesday, October 28th. JMP Securities raised their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group boosted their price target on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research note on Monday, September 22nd. Finally, Bank of America raised their price objective on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $516.93.

Insiders Place Their Bets

In other CrowdStrike 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 sale, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This trade 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, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on 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 sale, the director directly owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 116,622 shares of company stock worth $58,561,456. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike 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.