KBC Group NV Reduces Position in CrowdStrike $CRWD

KBC Group NV reduced its stake in CrowdStrike (NASDAQ:CRWD) by 16.1% during the 2nd quarter, Holdings Channel reports. The fund owned 180,823 shares of the company’s stock after selling 34,641 shares during the period. KBC Group NV’s holdings in CrowdStrike were worth $92,095,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CRWD. Draper Asset Management LLC grew its position in shares of CrowdStrike by 59.1% in the second quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock valued at $2,176,000 after purchasing an additional 1,619 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of CrowdStrike by 33.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after acquiring an additional 5,998 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth about $397,000. Pegasus Asset Management Inc. boosted its position in shares of CrowdStrike by 3.4% in the second quarter. Pegasus Asset Management Inc. now owns 2,431 shares of the company’s stock worth $1,238,000 after acquiring an additional 79 shares during the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new stake in shares of CrowdStrike in the second quarter worth approximately $1,169,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BTIG Research increased their price target on shares of CrowdStrike from $489.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Robert W. Baird upped their price objective on CrowdStrike from $460.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Morgan Stanley boosted their price target on CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Oppenheimer lifted their price objective on CrowdStrike from $520.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Cantor Fitzgerald increased their target price on shares of CrowdStrike from $475.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.80.

CrowdStrike Stock Down 0.1%

Shares of NASDAQ:CRWD opened at $556.73 on Wednesday. The company has a market capitalization of $139.72 billion, a price-to-earnings ratio of -467.84, a price-to-earnings-growth ratio of 131.02 and a beta of 1.16. The company has a 50 day moving average of $492.35 and a two-hundred day moving average of $469.72. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $558.98. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. As a group, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the transaction, the director owned 765,456 shares in the company, valued at approximately $421,153,891.20. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 6,975 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $549.89, for a total value of $3,835,482.75. Following the completion of the transaction, the chief executive officer directly owned 2,108,082 shares of the company’s stock, valued at $1,159,213,210.98. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 116,622 shares of company stock valued at $58,561,456. Company 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.