MBL Wealth LLC Invests $388,000 in CrowdStrike $CRWD

Key Points

• MBL Wealth LLC has made a significant investment in CrowdStrike, acquiring 1,100 shares valued at approximately $388,000 in the first quarter.
• Several institutional investors have increased their stakes in CrowdStrike, with 71.16% of the stock now owned by hedge funds and other institutional investors.
• Research firms have recently adjusted their target prices for CrowdStrike, with UBS Group lowering its price objective from $545 to $500, yet maintaining a "buy" rating for the company.

MBL Wealth LLC acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,100 shares of the company's stock, valued at approximately $388,000.

Several other institutional investors have also made changes to their positions in the company. McAdam LLC purchased a new position in shares of CrowdStrike in the first quarter worth approximately $204,000. Geneos Wealth Management Inc. lifted its stake in CrowdStrike by 33.2% in the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company's stock valued at $8,483,000 after acquiring an additional 5,998 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in CrowdStrike by 9.8% in the first quarter. IFM Investors Pty Ltd now owns 46,656 shares of the company's stock valued at $16,450,000 after acquiring an additional 4,176 shares during the last quarter. Blue Rock Wealth Management LLC bought a new stake in shares of CrowdStrike during the 1st quarter worth $229,000. Finally, Intech Investment Management LLC boosted its holdings in shares of CrowdStrike by 11.7% during the 1st quarter. Intech Investment Management LLC now owns 7,723 shares of the company's stock worth $2,723,000 after buying an additional 808 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. UBS Group decreased their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $475.00 target price on shares of CrowdStrike in a research report on Tuesday, August 26th. Mizuho lowered their price target on shares of CrowdStrike from $450.00 to $430.00 and set a "neutral" rating on the stock in a report on Thursday, August 28th. BTIG Research lowered their target price on shares of CrowdStrike from $520.00 to $489.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Finally, Jefferies Financial Group lowered their target price on shares of CrowdStrike from $530.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $460.10.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred 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 directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,734 shares of company stock worth $67,337,728 in the last quarter. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $424.87 on Thursday. 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 stock has a market cap of $106.63 billion, a PE ratio of -357.03, a price-to-earnings-growth ratio of 132.54 and a beta of 1.12. The stock has a 50-day moving average of $449.14 and a 200-day moving average of $426.26. CrowdStrike has a one year low of $242.25 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the prior year, the business earned $1.04 EPS. CrowdStrike's revenue for the quarter 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, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.