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

Meridian Wealth Management LLC increased its position in CrowdStrike (NASDAQ:CRWD) by 19.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,013 shares of the company’s stock after buying 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 Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Jennison Associates LLC lifted its position in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after buying an additional 760,222 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the transaction, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the sale, the president directly owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CRWD opened at $537.55 on Friday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The stock has a 50-day moving average price of $499.74 and a 200-day moving average price of $471.46. The firm has a market cap of $134.90 billion, a PE ratio of -451.72, a P/E/G ratio of 124.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results 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. The business had revenue of $1.17 billion during 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 for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Arete raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $706.00 target price on the stock in a research note on Tuesday, October 28th. Piper Sandler reduced their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Wells Fargo & Company lifted their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Finally, Scotiabank raised shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $440.00 to $600.00 in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $516.93.

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.