Norden Group LLC Grows Position in CrowdStrike $CRWD

Key Points

• Norden Group LLC significantly increased its stake in CrowdStrike by 735.6% during the second quarter, now holding 12,417 shares valued at approximately $6.32 million.
• Several analysts are optimistic about CrowdStrike's future, with price targets raised to as high as $530.00, reflecting a consensus rating of "Moderate Buy" and an average target price of $477.21.
• CrowdStrike's recent earnings report showed a 21.4% year-over-year revenue growth to $1.17 billion and an EPS of $0.93, surpassing analyst expectations.

Norden Group LLC grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 735.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,417 shares of the company's stock after acquiring an additional 10,931 shares during the quarter. CrowdStrike comprises approximately 0.7% of Norden Group LLC's portfolio, making the stock its 26th biggest position. Norden Group LLC's holdings in CrowdStrike were worth $6,324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nuveen LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC lifted its stake in CrowdStrike by 21.1% in the 1st 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 in the last quarter. GAMMA Investing LLC increased its holdings in shares of CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CrowdStrike by 52.6% in the 1st 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. Finally, Vanguard Group Inc. lifted its position in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. BTIG Research reaffirmed a "buy" rating and issued a $489.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Piper Sandler cut their target price on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Robert W. Baird upped their price target on shares of CrowdStrike from $460.00 to $490.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Finally, Cfra reiterated a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $484.95.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares of the company's stock, valued at approximately $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 11,561 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.69, for a total value of $5,730,672.09. Following the sale, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. This represents a 2.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,066 shares of company stock valued at $55,809,043. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

CRWD traded up $2.34 during trading on Wednesday, hitting $492.72. The stock had a trading volume of 394,276 shares, compared to its average volume of 3,670,743. The firm has a market capitalization of $123.65 billion, a P/E ratio of -415.56, a PEG ratio of 114.78 and a beta of 1.12. CrowdStrike has a twelve month low of $274.86 and a twelve month high of $517.98. The company's 50-day moving average price is $444.31 and its 200 day moving average price is $437.34. 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 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, equities research analysts forecast 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.