Sagespring Wealth Partners LLC Grows Stock Holdings in CrowdStrike $CRWD

Key Points

• Sagespring Wealth Partners LLC increased its holdings in CrowdStrike by 30.1%, owning 2,974 shares valued at approximately $1.5 million as of their latest SEC filing.
• Institutional investors hold a significant majority, owning 71.16% of CrowdStrike's stock, with notable increases in holdings from companies like Vanguard Group Inc. and Goldman Sachs Group Inc..
• CrowdStrike's stock opened at $488.94, and the company recently reported earnings of $0.93 EPS, exceeding estimates and indicating a 21.4% year-over-year revenue growth.

Sagespring Wealth Partners LLC lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 30.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,974 shares of the company's stock after buying an additional 688 shares during the period. Sagespring Wealth Partners LLC's holdings in CrowdStrike were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 21.1% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CrowdStrike by 52.6% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of CrowdStrike by 39.9% during the 1st 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 during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of CrowdStrike by 16.4% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $488.94 on Wednesday. The company has a fifty day simple moving average of $452.06 and a two-hundred day simple moving average of $446.31. The company has a market cap of $122.70 billion, a price-to-earnings ratio of -410.87, a price-to-earnings-growth ratio of 119.52 and a beta of 1.19. The company has a quick ratio of 1.88, a current 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 $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. 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, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of CrowdStrike from $460.00 to $475.00 and gave the stock an "equal weight" rating in a report on Thursday, September 18th. Piper Sandler dropped their target price on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. UBS Group dropped their target price 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. Roth Capital reiterated a "buy" rating and issued a $510.00 target price (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. Finally, Truist Financial lifted their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, September 18th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $494.02.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction 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 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. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 20,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president owned 379,116 shares of the company's stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,743 shares of company stock worth $74,348,319. 3.32% of the stock is currently owned by 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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