HB Wealth Management 13F: Adds $14M to CrowdStrike (CRWD) Stake
Key Points
- HB Wealth Management expanded its position in CrowdStrike Holdings, Inc. by 385.6%, ending with 65,854 shares valued at about $17.4 million.
- CrowdStrike Holdings, Inc. recently traded around $257.59, sitting 10.2% below its 52-week high of $286.99.
- Several Wall Street firms, including Freedom Broker and Mizuho, updated their price targets ahead of the filing period.
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HB Wealth Management expanded its holdings in CrowdStrike Holdings, Inc. CRWD, lifting its stake by 385.6% during the period, according to a Form 13F filing with the SEC on October 23, 2026. The fund purchased an additional 52,292 shares to finish the quarter with 65,854 shares total. That stake carried a reported value of $17,434,843.00 based on the filing date valuation.
CRWD
CrowdStrike Holdings, Inc.
What Changed in HB Wealth Management's CrowdStrike Holdings Position
HB Wealth Management significantly grew its investment in the cybersecurity specialist. The fund previously held 13,562 shares before picking up 52,292 more shares to bring its ending count to 65,854 shares. This 385.6% increase points to a much larger commitment to the cloud security provider.
Other Institutional Activity in CrowdStrike Holdings
Other institutional investors also adjusted their positions in the cybersecurity firm during the filing window. NTV Asset Management grew its holdings by 7,114 shares, ending with 9,257 shares worth about $2,450,905.00. Ascent Wealth Partners boosted its stake by 294.7%, adding 21,327 shares to hold 28,564 shares valued at roughly $7,562,319.00. Evergreen Capital Management increased its holdings by 11,026 shares, finishing with 14,353 shares worth about $3,799,957.00. Capital Investment Advisors picked up 9,998 shares for a 300.2% increase, closing out the period with 13,329 shares valued at $3,528,971.00. Mutual of America Capital Management raised its holdings by 297.4%, adding 82,083 shares to hold 109,679 shares worth approximately $29,037,515.00.
CrowdStrike Holdings, Inc. Stock Up 7.6%
CrowdStrike Holdings, Inc. recently traded around $257.59 as of October 24, 2026, roughly equal to its closing price of $257.57 on the filing date. The stock sits about 10.2% below its 52-week high of $286.99 and well above its 200-day moving average of $162.93. The consensus recommendation among analysts stands at a buy with a mean price target of $246.65 across 50 analyst opinions.
Recent Earnings
The software company generated $5.4 billion in trailing twelve-month revenue with an earnings per share of $0.05. The firm posted a net profit margin of 0.8% and a return on equity of 1.5%. The next earnings report is scheduled for December 1, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
29 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 1.0%. Revenue met estimates.
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Profit surprise
EBITDA missed by 65 percent. Operating income missed by 86 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
29 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.5 points. Operating margin up 9.1 points. Positive free cash flow.
Earnings Call Summary
CrowdStrike delivered record results with net new ARR of $221 million and ending ARR of $4.66 billion, up 20 percent year over year. The company beat all guided metrics, driven by artificial intelligence demand and strong Falcon Flex adoption with over 1,000 customers. Management announced the acquisition of ONEM to enhance next-generation SIEM with faster data processing and lower costs, positioning them for accelerated growth.
Guidance The company expects revenue between $4.7495 and $4.8055 billion for the full year, growing 20 to 22 percent. They guided for net new ARR to grow at least 40 percent in the second half and aim to exceed $5 billion in ending ARR by year-end.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at CrowdStrike Holdings, Inc.
Company insiders completed several stock transactions ahead of the filing. Director Johanna Flower parted with 9,896 shares on October 16, 2026, in a deal valued at $2,276,597.00. Chief Executive Officer George Robert Kurtz sold 20,000 shares on October 20, 2026, worth $4,557,951.00. President and CEO George Kurtz executed two planned sales under a Rule 10b5-1 arrangement, shedding 10,000 shares at an average price of $237.31 on October 21, 2026, and another 10,000 shares at $238.88 on October 22, 2026.
Analysts Set New Price Targets
Wall Street firms updated their outlooks ahead of the filing period. On October 14, 2026, Freedom Broker maintained its buy rating while lifting its target from $260.00 to $320.00. BTIG kept a buy rating on October 14, 2026, raising its target from $245.00 to $312.00. Citigroup maintained a buy rating on October 15, 2026, adjusting its target to $295.00 from $260.00. Keybanc kept an overweight rating on October 16, 2026, moving its target to $265.00 from $245.00. Mizuho maintained an outperform rating on October 22, 2026, raising its target to $275.00 from $250.00.
About CrowdStrike Holdings
CrowdStrike Holdings, Inc. provides cloud-delivered cybersecurity solutions for endpoints, cloud workloads, identity, and data. Operating through a software-as-a-service model, the company helps corporate clients protect critical infrastructure against modern digital threats.
Bottom Line
Institutional interest in CrowdStrike remains strong as large asset managers adjust their stakes. Investors will look toward the upcoming earnings release on December 1, 2026, for further updates on business performance.
Related Filing Alerts
Source: HB Wealth Management's 13F filing on $CRWD (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts