West Michigan Advisors LLC Purchases New Position in CrowdStrike $CRWD

West Michigan Advisors LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 697 shares of the company’s stock, valued at approximately $355,000.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares during the period. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $26,000. Neo Ivy Capital Management purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Cfra reiterated a “hold” rating and set a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Sanford C. Bernstein cut their price target on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating on the stock in a research note on Thursday, August 28th. Morgan Stanley upped their price target on CrowdStrike from $460.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Jefferies Financial Group upped their price target on CrowdStrike from $500.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, JMP Securities upped their price objective on CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $496.47.

CrowdStrike Trading Up 1.0%

NASDAQ:CRWD opened at $527.32 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 firm has a market capitalization of $132.34 billion, a price-to-earnings ratio of -443.12, a price-to-earnings-growth ratio of 122.66 and a beta of 1.19. CrowdStrike has a one year low of $294.68 and a one year high of $535.52. The business has a fifty day moving average price of $463.35 and a 200-day moving average price of $454.32.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The firm 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 revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business 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 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the 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 owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Johanna Flower sold 2,347 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the completion of the sale, the director owned 79,057 shares of the company’s stock, valued at $38,815,405.86. The trade was a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,090 shares of company stock worth $75,500,649 in the last three months. 3.32% of the stock is owned by company insiders.

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.