Naviter Wealth LLC Grows Stock Position in CrowdStrike $CRWD

Naviter Wealth LLC increased its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,267 shares of the company’s stock after acquiring an additional 293 shares during the period. Naviter Wealth LLC’s holdings in CrowdStrike were worth $1,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Nuveen LLC acquired a new position in CrowdStrike during the first quarter worth $595,766,000. Jennison Associates LLC grew its holdings in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CrowdStrike by 52.6% during 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 acquiring an additional 955,529 shares during the period. Vanguard Group Inc. grew its holdings in CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after acquiring an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after acquiring an additional 760,222 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,762 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the transaction, the chief accounting officer directly owned 37,255 shares in the company, valued at approximately $17,972,184.55. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,743 shares of company stock valued at $74,348,319. Insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRWD. Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Tuesday, September 23rd. Jefferies Financial Group upped their target price on CrowdStrike from $500.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Stifel Nicolaus upped their target price on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Needham & Company LLC upped their target price on CrowdStrike from $475.00 to $535.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $494.02.

CrowdStrike Stock Down 3.9%

Shares of NASDAQ:CRWD opened at $488.94 on Wednesday. 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. The stock’s fifty day simple moving average is $452.06 and its 200-day simple moving average is $446.31. The company has a market capitalization of $122.70 billion, a P/E ratio of -410.87, a P/E/G ratio of 119.52 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $1.04 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. 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 research analysts forecast that CrowdStrike will post 0.55 earnings per share 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.