Forsta AP Fonden Has $18.48 Million Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Forsta AP Fonden reduced its stake in CrowdStrike by 11.8% during Q1, selling 7,000 shares and now holding 52,400 shares valued at approximately $18.47 million.
• CrowdStrike's recent quarterly earnings beat analysts' expectations, reporting $1.10 billion in revenue and an EPS of $0.73, although it had a negative net margin of 4.17%.
• Analysts have increased their price targets for CrowdStrike, with estimates ranging from $450 to $540, reflecting a positive sentiment towards the company's stock.

Forsta AP Fonden trimmed its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,400 shares of the company's stock after selling 7,000 shares during the period. Forsta AP Fonden's holdings in CrowdStrike were worth $18,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 in the last three months. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRWD. Wedbush upped their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Susquehanna upped their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Needham & Company LLC upped their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target on the stock. in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 0.1%

CRWD traded down $0.51 on Friday, reaching $424.49. 3,626,057 shares of the company's stock were exchanged, compared to its average volume of 2,718,355. The company's 50 day moving average is $477.04 and its 200-day moving average is $425.50. The company has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

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.