DekaBank Deutsche Girozentrale decreased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,316 shares of the company's stock after selling 22,549 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.17% of CrowdStrike worth $144,258,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC boosted its stake in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the period. Stratos Wealth Advisors LLC boosted its stake in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Finally, Stratos Investment Management LLC boosted its stake in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after purchasing an additional 27 shares during the period. Institutional investors own 71.16% of the company's stock.
Insiders Place Their Bets
In other news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares in the company, valued at $193,511,002.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,821 shares of company stock worth $118,672,681. Company insiders own 3.32% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CRWD shares. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research note on Friday, June 6th. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Scotiabank lifted their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada lifted their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Bank of America reiterated a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $456.29.
Get Our Latest Stock Analysis on CrowdStrike
CrowdStrike Stock Performance
CrowdStrike stock traded down $8.66 during mid-day trading on Friday, reaching $478.45. 3,377,761 shares of the company traded hands, compared to its average volume of 4,771,280. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The company has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. The firm's fifty day moving average is $470.20 and its two-hundred day moving average is $410.72.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.93 EPS. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.
CrowdStrike Profile
(
Free Report)
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.
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