Assenagon Asset Management S.A. Buys 113,388 Shares of CrowdStrike $CRWD

Key Points

• Assenagon Asset Management S.A. increased its holdings in CrowdStrike by 108.8% during Q2, now owning approximately 217,610 shares valued at roughly $110.8 million.
• The stock's current price is $502.55 with a market capitalization of $126.12 billion and a consensus rating of "Moderate Buy" from analysts.
• Insider actions include sales by President Michael Sentonas and CEO George Kurtz, with Sentonas selling over $5.4 million in shares, representing a 2.73% decrease in their ownership.

Assenagon Asset Management S.A. grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 108.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,610 shares of the company's stock after acquiring an additional 113,388 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of CrowdStrike worth $110,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Real Talk Capital LLC lifted its holdings in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after buying an additional 24 shares during the period. Tradewinds Capital Management LLC boosted its position in CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares during the period. Close Asset Management Ltd boosted its holdings in shares of CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the period. Ramirez Asset Management Inc. grew its position in CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares during the period. Finally, Cladis Investment Advisory LLC boosted its stake in shares of CrowdStrike by 1.5% during the 1st quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company's stock worth $593,000 after acquiring an additional 25 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $0.08 during trading on Friday, reaching $502.55. 7,089,967 shares of the company's stock were exchanged, compared to its average volume of 3,749,478. The firm's 50-day moving average price is $442.94 and its 200 day moving average price is $430.16. CrowdStrike has a 1-year low of $272.67 and a 1-year high of $517.98. The company has a market cap of $126.12 billion, a P/E ratio of -422.31, a PEG ratio of 118.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping 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 earned $1.04 EPS. The firm's revenue for the quarter 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, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. Sanford C. Bernstein lowered their price objective on shares of CrowdStrike from $371.00 to $343.00 and set a "market perform" rating for the company in a research report on Thursday, August 28th. UBS Group reduced their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. Mizuho increased their price objective on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday. Needham & Company LLC lifted their price objective on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $490.00 price target on shares of CrowdStrike in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $473.85.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,734 shares of company stock worth $67,337,728 in the last three months. Corporate insiders own 3.32% of the company's stock.

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.