Paragon Advisors LLC Increases Holdings in CrowdStrike $CRWD

Key Points

• Paragon Advisors LLC increased its stake in CrowdStrike by 51.2%, owning 11,430 shares worth approximately $5.82 million as of the latest SEC filing.
• Other institutional investors, including Vanguard and Goldman Sachs, also boosted their holdings, pushing the total institutional ownership of CrowdStrike to 71.16%.
• Brokerages have raised their price targets for CrowdStrike, with Needham & Company setting a target of $535 and Daiwa Capital Markets increasing theirs to $530, reflecting strong growth projections.

Paragon Advisors LLC grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 51.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,430 shares of the company's stock after acquiring an additional 3,870 shares during the period. CrowdStrike comprises about 1.5% of Paragon Advisors LLC's investment portfolio, making the stock its 16th biggest position. Paragon Advisors LLC's holdings in CrowdStrike were worth $5,821,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 worth $977,149,000 after buying an additional 955,529 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $939,747,000 after buying an additional 760,222 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock worth $883,713,000 after buying an additional 352,473 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,762 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the sale, the chief accounting officer owned 37,255 shares in the company, valued at approximately $17,972,184.55. This represents a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total value of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. The trade was a 4.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,090 shares of company stock worth $75,500,649 in the last ninety days. Corporate insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRWD. Needham & Company LLC boosted their price target on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Cfra reiterated a "hold" rating and issued a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Royal Bank Of Canada boosted their target price on CrowdStrike from $510.00 to $540.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Stephens boosted their target price on CrowdStrike from $525.00 to $590.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Finally, Daiwa Capital Markets boosted their target price on CrowdStrike from $475.00 to $530.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 24th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $496.47.

CrowdStrike Stock Down 0.8%

Shares of NASDAQ CRWD opened at $500.11 on Thursday. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average price is $459.42 and its 200-day moving average price is $451.56. The stock has a market capitalization of $125.51 billion, a price-to-earnings ratio of -420.26, a P/E/G ratio of 118.42 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 1.53% and a negative net margin of 6.84%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company's quarterly 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, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal 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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