Petra Financial Advisors Inc. Makes New Investment in CrowdStrike $CRWD

by · The Cerbat Gem

Petra Financial Advisors Inc. bought a new position in shares of CrowdStrike (NASDAQ:CRWD – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 713 shares of the company’s stock, valued at approximately $363,000.

A number of other large investors have also recently bought and sold shares of the company. AlphaQuest LLC purchased a new stake in shares of CrowdStrike in the second quarter worth about $26,000. Financial Management Professionals Inc. boosted its position in CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $37,000. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter valued at $25,000. Finally, Vision Financial Markets LLC purchased a new position in CrowdStrike in the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Canaccord Genuity Group raised their price target on shares of CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. Needham & Company LLC raised their target price on CrowdStrike from $475.00 to $535.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Barclays raised their price objective on CrowdStrike from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Thursday, September 18th. Finally, Truist Financial raised their price objective on 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-eight 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, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $496.47.

Get Our Latest Stock Report on CRWD

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the sale, the president owned 354,116 shares in the company, valued at $182,369,740. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total value of $5,306,643.02. Following the completion of the sale, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This represents a 4.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 0.5%

NASDAQ CRWD opened at $529.70 on Tuesday. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $535.52. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $465.42 and its 200-day simple moving average is $456.82. The firm has a market cap of $132.93 billion, a PE ratio of -445.12, a P/E/G ratio of 123.92 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. CrowdStrike’s quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Profile

(Free Report)

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.

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