Avantax Advisory Services Inc. Raises Stock Holdings in CrowdStrike $CRWD

Avantax Advisory Services Inc. boosted its stake in CrowdStrike (NASDAQ:CRWD) by 40.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,898 shares of the company’s stock after purchasing an additional 5,760 shares during the quarter. Avantax Advisory Services Inc.’s holdings in CrowdStrike were worth $10,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC increased its holdings in shares of CrowdStrike by 11.6% in the 2nd quarter. Intech Investment Management LLC now owns 8,620 shares of the company’s stock worth $4,390,000 after buying an additional 897 shares during the last quarter. MJP Associates Inc. ADV bought a new position in CrowdStrike in the second quarter valued at $621,000. Cetera Investment Advisers raised its position in CrowdStrike by 3.0% during the second quarter. Cetera Investment Advisers now owns 169,282 shares of the company’s stock valued at $86,217,000 after purchasing an additional 4,903 shares in the last quarter. Fusion Capital LLC raised its position in CrowdStrike by 11.1% during the second quarter. Fusion Capital LLC now owns 1,048 shares of the company’s stock valued at $534,000 after purchasing an additional 105 shares in the last quarter. Finally, Creative Planning lifted its stake in CrowdStrike by 11.2% during the second quarter. Creative Planning now owns 173,194 shares of the company’s stock worth $88,209,000 after purchasing an additional 17,424 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 1.4%

NASDAQ CRWD opened at $529.78 on Tuesday. 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 $132.95 billion, a PE ratio of -445.19, a PEG ratio of 126.32 and a beta of 1.16. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The business’s 50-day moving average is $501.78 and its 200 day moving average is $472.73.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 EPS. 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 forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Arete upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 price objective on the stock in a research report on Tuesday, October 28th. Scotiabank upgraded shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $440.00 to $600.00 in a research report on Thursday, September 25th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday. DA Davidson boosted their price objective on shares of CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Finally, Truist Financial increased their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $528.00.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 1,957 shares of CrowdStrike stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the sale, the chief financial officer owned 218,467 shares of the company’s stock, valued at approximately $120,246,421.47. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,000 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the transaction, the president owned 354,116 shares in the company, valued at $182,369,740. This represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,622 shares of company stock valued at $58,561,456 over the last three months. Insiders own 3.32% of the company’s stock.

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.