DekaBank Deutsche Girozentrale Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DekaBank Deutsche Girozentrale lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,865 shares of the company's stock after purchasing an additional 2,863 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.18% of CrowdStrike worth $124,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Arlington Financial Advisors LLC boosted its position in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock worth $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp boosted its position in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company's stock worth $408,000 after purchasing an additional 33 shares in the last quarter. Sunpointe LLC boosted its position in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company's stock worth $317,000 after purchasing an additional 34 shares in the last quarter. Means Investment CO. Inc. boosted its position in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after purchasing an additional 35 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company's stock worth $351,000 after purchasing an additional 39 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BTIG Research cut CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Robert W. Baird lowered their price objective on CrowdStrike from $335.00 to $315.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on CrowdStrike from $350.00 to $275.00 and set a "hold" rating on the stock in a research report on Monday, August 26th. Royal Bank of Canada lowered their price objective on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $328.74.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company's stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock valued at $30,529,413 in the last 90 days. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD traded down $3.85 during midday trading on Friday, hitting $300.62. 6,045,774 shares of the company traded hands, compared to its average volume of 5,156,198. The firm has a 50 day moving average of $281.37 and a 200-day moving average of $307.92. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The stock has a market cap of $73.16 billion, a price-to-earnings ratio of 567.21, a PEG ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue was up 31.7% on a year-over-year basis. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 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.