Baader Bank Aktiengesellschaft Reduces Stake in CrowdStrike (NASDAQ:CRWD)

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in CrowdStrike by 36.6%, holding 9,727 shares worth approximately $3.34 million after selling 5,617 shares in the first quarter.
• Insider transactions show that President Michael Sentonas and Director Johanna Flower sold significant amounts of their shares, indicating a 2.73% and 2.48% decrease in their respective holdings.
• CrowdStrike's stock has a consensus rating of "Moderate Buy" from analysts, with the average price target currently at $461.17 despite recent downgrades and adjustments in ratings.

Baader Bank Aktiengesellschaft lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,727 shares of the company's stock after selling 5,617 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in CrowdStrike were worth $3,342,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike in the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of CrowdStrike during the 1st quarter valued at $30,000. Finally, Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,768 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Johanna Flower sold 2,073 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,570 shares of company stock worth $110,581,672 over the last three months. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 1.9%

CRWD stock traded down $8.58 during trading on Thursday, hitting $454.57. 2,821,958 shares of the company traded hands, compared to its average volume of 2,495,562. The firm has a market capitalization of $113.30 billion, a PE ratio of -658.80 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a 50-day moving average of $479.69 and a 200-day moving average of $421.79. 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 (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays set a $500.00 price target on CrowdStrike in a research report on Tuesday, June 3rd. Oppenheimer upped their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

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.