Sax Wealth Advisors LLC Acquires Shares of 750 CrowdStrike $CRWD

Key Points

• Sax Wealth Advisors LLC has acquired 750 shares of CrowdStrike, valued at approximately $264,000, marking a new stake in the company during the 1st quarter.
• Multiple other institutions, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their stakes in CrowdStrike, reflecting a strong interest from institutional investors.
• Research reports show a consensus rating of "Moderate Buy" for CrowdStrike, with an average target price of $460.81, indicating positive analyst sentiment towards the company's stock performance.

Sax Wealth Advisors LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 750 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC lifted its stake in CrowdStrike by 21.1% during the 1st 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 period. Goldman Sachs Group Inc. lifted its stake in CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after acquiring an additional 760,222 shares during the period. Invesco Ltd. lifted its stake in CrowdStrike by 16.4% during the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after acquiring an additional 352,473 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in CrowdStrike by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,383,943 shares of the company's stock valued at $840,532,000 after acquiring an additional 445,612 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director owned 774,761 shares of the company's stock, valued at approximately $346,387,895.49. The trade was a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction 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. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 in the last 90 days. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

CRWD has been the subject of several research reports. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Wedbush boosted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Barclays set a $500.00 target price on shares of CrowdStrike in a research note on Tuesday, June 3rd. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Cfra reiterated a "hold" rating and issued a $555.00 target price (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Twenty-six research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $460.81.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $420.55 on Monday. The firm has a market cap of $104.82 billion, a PE ratio of -609.49 and a beta of 1.13. The firm has a fifty day moving average of $467.34 and a 200 day moving average of $427.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a one year low of $242.25 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company 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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