CrowdStrike (NASDAQ:CRWD) Shares Bought by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in CrowdStrike by 3.9%, owning 53,813 shares valued at approximately $18.97 million.
• Multiple institutional investors have recently bought positions or increased their stakes in CrowdStrike, resulting in these entities now owning 71.16% of the company's stock.
• CrowdStrike's CEO, George Kurtz, sold over 55,000 shares of stock, reducing his position by 2.47%, while insiders have sold a total of $113.3 million in shares over the last three months.

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,813 shares of the company's stock after acquiring an additional 2,034 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in CrowdStrike were worth $18,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Neo Ivy Capital Management purchased a new position in shares of CrowdStrike during the first quarter worth $30,000. Finally, Sound Income Strategies LLC boosted its position in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,820 shares of company stock worth $113,297,985 over the last three months. 3.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRWD shares. Bank of America restated a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Morgan Stanley restated an "equal weight" rating and set a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Royal Bank Of Canada raised their price target on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $467.92 on Friday. The stock has a market capitalization of $116.63 billion, a PE ratio of -678.14 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The stock's 50-day moving average price is $477.89 and its 200 day moving average price is $418.70. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

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 the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

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.

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