Granite Bay Wealth Management LLC Buys 15,098 Shares of CrowdStrike $CRWD

Granite Bay Wealth Management LLC grew its stake in shares of CrowdStrike (NASDAQ:CRWD) by 2,589.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,681 shares of the company’s stock after acquiring an additional 15,098 shares during the quarter. CrowdStrike comprises approximately 2.0% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Granite Bay Wealth Management LLC’s holdings in CrowdStrike were worth $7,690,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CRWD. Laurel Wealth Advisors LLC raised its position in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank bought a new stake in CrowdStrike in the second quarter valued at approximately $1,638,365,000. Vestor Capital LLC increased its stake in CrowdStrike by 269,840.3% in the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock valued at $497,690,000 after purchasing an additional 976,822 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after purchasing an additional 955,529 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after purchasing an additional 596,007 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent analyst reports. Arete Research set a $706.00 price objective on shares of CrowdStrike in a research report on Tuesday, October 28th. TD Cowen boosted their target price on CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. The Goldman Sachs Group increased their price target on CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CrowdStrike in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.10.

CrowdStrike Stock Down 0.5%

Shares of CRWD stock opened at $476.35 on Thursday. The firm has a market capitalization of $120.09 billion, a P/E ratio of -378.06, a PEG ratio of 115.17 and a beta of 1.09. The firm’s fifty day moving average price is $514.47 and its two-hundred day moving average price is $482.56. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 17,550 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the sale, the chief executive officer owned 2,090,532 shares of the company’s stock, valued at approximately $1,006,340,294.16. The trade was a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,530 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $734,063.40. Following the completion of the transaction, the chief accounting officer directly owned 44,562 shares in the company, valued at approximately $21,379,956.36. This represents a 3.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 117,559 shares of company stock worth $59,246,587 in the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.