Journey Strategic Wealth LLC Buys 686 Shares of CrowdStrike $CRWD
Journey Strategic Wealth LLC increased its stake in CrowdStrike by 46.6% in Q2, owning 2,158 shares valued at $1,099,000. Other investors also modified their holdings. Analysts have mixed ratings on CrowdStrike, with a consensus of 'Moderate Buy' and an average price target of $537.93. CrowdStrike's stock opened at $490.67, with a market cap of $123.14 billion. The company reported Q2 earnings of $0.93 per share, exceeding estimates, with revenue up 21.4% year-over-year.
Journey Strategic Wealth LLC grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 46.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,158 shares of the company's stock after buying an additional 686 shares during the quarter. Journey Strategic Wealth LLC's holdings in CrowdStrike were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Advyzon Investment Management LLC grew its stake in shares of CrowdStrike by 142.9% during the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company's stock valued at $461,000 after purchasing an additional 533 shares during the period. Draper Asset Management LLC lifted its stake in shares of CrowdStrike by 59.1% in the 2nd quarter. Draper Asset Management LLC now owns 4,358 shares of the company's stock worth $2,176,000 after purchasing an additional 1,619 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock worth $8,483,000 after buying an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in CrowdStrike during the second quarter valued at approximately $397,000. Finally, Pegasus Asset Management Inc. grew its position in CrowdStrike by 3.4% during the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company's stock valued at $1,238,000 after buying an additional 79 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CRWD has been the topic of several recent research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Oppenheimer boosted their price target on CrowdStrike from $560.00 to $580.00 and gave the company an "outperform" rating in a report on Friday. Truist Financial raised their price objective on CrowdStrike from $550.00 to $600.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $537.93.
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Read Our Latest Report on CrowdStrike
CrowdStrike Stock Down 2.1%
Shares of CRWD opened at $490.67 on Friday. The business's 50 day moving average is $507.95 and its 200 day moving average is $474.10. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The company has a market capitalization of $123.14 billion, a PE ratio of -412.32, a price-to-earnings-growth ratio of 117.80 and a beta of 1.16.
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CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share 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 the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.
Insider Activity at CrowdStrike
In other news, President Michael Sentonas sold 20,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares in the company, valued at $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction dated Monday, September 22nd. The stock was 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 directly owned 220,424 shares in the company, valued at $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 116,622 shares of company stock valued at $58,561,456. Insiders own 3.32% of the company's stock.
About CrowdStrike
(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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