DekaBank Deutsche Girozentrale Boosts Stake in CrowdStrike $CRWD

Key Points

• DekaBank Deutsche Girozentrale increased its stake in CrowdStrike by 5.4%, acquiring an additional 22,549 shares, bringing its total holdings to 439,865 shares valued at approximately $220.6 million.
• In the second quarter, CrowdStrike reported a 21.4% year-over-year increase in revenue with an EPS of $0.93, surpassing analysts' estimates of $0.83.
• CrowdStrike's stock has received favorable ratings from analysts, with a consensus rating of "Moderate Buy" and a target price of $494.95, indicating positive market expectations.

DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,865 shares of the company's stock after acquiring an additional 22,549 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.18% of CrowdStrike worth $220,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Patron Partners LLC grew its position in CrowdStrike by 2.1% during the second quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after acquiring an additional 22 shares during the period. Real Talk Capital LLC grew its position in CrowdStrike by 0.9% during the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after acquiring an additional 24 shares during the period. Tradewinds Capital Management LLC grew 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 acquiring an additional 25 shares during the period. Close Asset Management Ltd grew its position in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. grew its position in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 3.9%

Shares of CRWD opened at $503.61 on Tuesday. The company has a market capitalization of $126.39 billion, a P/E ratio of -423.20, a P/E/G ratio of 113.89 and a beta of 1.19. CrowdStrike has a one year low of $294.68 and a one year high of $517.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a 50-day moving average price of $456.70 and a 200 day moving average price of $450.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares of the company's stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several analyst reports. Cfra reaffirmed a "hold" rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Scotiabank raised CrowdStrike from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. Robert W. Baird upped their target price on CrowdStrike from $460.00 to $490.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Royal Bank Of Canada upped their target price on CrowdStrike from $510.00 to $540.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Finally, Wedbush reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $494.95.

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.

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