Apollon Wealth Management LLC Acquires 749 Shares of CrowdStrike $CRWD

Key Points

• Apollon Wealth Management LLC increased its holdings in CrowdStrike by 5.6%, acquiring an additional 749 shares, bringing their total to 14,112 shares valued at approximately $7.19 million.
• Various institutional investors, including Blue Trust Inc. and Benchmark Investment Advisors LLC, have also raised their stakes in CrowdStrike significantly in the first quarter, reflecting a broader interest among institutional investors.
• Analysts have boosted their price targets for CrowdStrike, with some estimates reaching as high as $550, indicating a consensus rating of "Moderate Buy" and highlighting strong market confidence in the company's future performance.

Apollon Wealth Management LLC boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,112 shares of the company's stock after acquiring an additional 749 shares during the quarter. Apollon Wealth Management LLC's holdings in CrowdStrike were worth $7,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the period. Bessemer Group Inc. grew its stake in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in CrowdStrike by 33.2% during 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. Benchmark Investment Advisors LLC grew its stake in CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company's stock worth $3,613,000 after buying an additional 4,877 shares during the last quarter. Finally, CX Institutional bought a new stake in CrowdStrike during the first quarter worth about $175,000. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CRWD shares. Jefferies Financial Group upped their price objective on shares of CrowdStrike from $500.00 to $515.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Wedbush reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, August 28th. Roth Capital reaffirmed a "buy" rating and set a $510.00 price objective (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. JMP Securities upped their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a research note on Tuesday, September 23rd. Finally, Daiwa Capital Markets upped their price objective on shares of CrowdStrike from $475.00 to $530.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $493.33.

CrowdStrike Price Performance

CRWD opened at $493.66 on Friday. CrowdStrike has a one year low of $294.68 and a one year high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company's 50 day simple moving average is $450.04 and its 200-day simple moving average is $443.90. The stock has a market capitalization of $123.89 billion, a P/E ratio of -414.84, a price-to-earnings-growth ratio of 119.64 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $1.04 earnings per share. CrowdStrike's 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. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the sale, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,816 shares of company stock valued at $75,331,356. 3.32% of the stock is currently owned by corporate insiders.

About CrowdStrike

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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