Axxcess Wealth Management LLC Buys 628 Shares of CrowdStrike $CRWD

Key Points

• Axxcess Wealth Management LLC increased its stake in CrowdStrike by 16.7% during the 2nd quarter, acquiring an additional 628 shares to hold a total of 4,392 shares valued at approximately $2.24 million.
• CrowdStrike reported $1.17 billion in revenue for the last quarter, exceeding analyst estimates, with earnings per share of $0.93, surpassing expectations of $0.83.
• Institutional investors now own 71.16% of CrowdStrike's stock, indicating significant support from larger financial entities.

Axxcess Wealth Management LLC lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,392 shares of the company's stock after buying an additional 628 shares during the period. Axxcess Wealth Management LLC's holdings in CrowdStrike were worth $2,237,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Patron Partners LLC boosted its stake in CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock worth $548,000 after purchasing an additional 22 shares during the period. Real Talk Capital LLC lifted its position in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after buying an additional 24 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares in the last quarter. Close Asset Management Ltd lifted its position in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. lifted its position in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after buying an additional 25 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 0.0%

Shares of CRWD opened at $489.02 on Thursday. The firm's 50-day simple moving average is $452.81 and its 200 day simple moving average is $446.60. CrowdStrike has a 52 week low of $294.68 and a 52 week high of $517.98. The firm has a market cap of $122.72 billion, a P/E ratio of -410.94, a price-to-earnings-growth ratio of 114.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business'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. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. TD Cowen boosted their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. JMP Securities upped their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "market outperform" rating in a report on Tuesday, September 23rd. Macquarie upped their target price on shares of CrowdStrike from $465.00 to $485.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Capital One Financial upped their target price on shares of CrowdStrike from $495.00 to $519.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $490.00 target price on shares of CrowdStrike in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $494.02.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,743 shares of company stock worth $74,348,319. 3.32% of the stock is currently owned by company insiders.

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.

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