Opes Wealth Management LLC Purchases Shares of 565 CrowdStrike $CRWD

Key Points

• Opes Wealth Management LLC has purchased 565 shares of CrowdStrike for approximately $288,000 in the second quarter of the year.
• A significant portion, 71.16%, of CrowdStrike's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest.
• Wall Street analysts have raised their price targets for CrowdStrike, with a consensus rating of "Moderate Buy" and an average target price of $496.47.

Opes Wealth Management LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 565 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors have also made changes to their positions in CRWD. Nuveen LLC acquired a new stake in shares of CrowdStrike during the first quarter valued at about $595,766,000. Jennison Associates LLC increased its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after purchasing an additional 955,529 shares during the period. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after purchasing an additional 760,222 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the completion of the sale, the president directly owned 354,116 shares of the company's stock, valued at $182,369,740. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 17,830 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,090 shares of company stock valued at $75,500,649 in the last quarter. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRWD shares. Mizuho lifted their price target on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 17th. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. Morgan Stanley boosted their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. Robert W. Baird upped their target price on shares of CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Finally, Macquarie upped their price target on shares of CrowdStrike from $465.00 to $485.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $496.47.

CrowdStrike Price Performance

NASDAQ CRWD opened at $521.98 on Friday. 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 52 week low of $294.68 and a 52 week high of $522.43. The company has a 50-day moving average price of $461.36 and a two-hundred day moving average price of $452.92. The stock has a market cap of $131.00 billion, a price-to-earnings ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19.

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, beating 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. 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. Analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

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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