Handelsbanken Fonder AB Sells 3,565 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Handelsbanken Fonder AB lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,876 shares of the company's stock after selling 3,565 shares during the quarter. Handelsbanken Fonder AB's holdings in CrowdStrike were worth $30,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $34,000. ST Germain D J Co. Inc. increased its holdings in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in CrowdStrike during the 4th quarter valued at about $37,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $9.82 during trading on Thursday, reaching $486.80. The company's stock had a trading volume of 1,892,005 shares, compared to its average volume of 5,023,531. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $120.66 billion, a price-to-earnings ratio of 954.53, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business's fifty day moving average price is $422.55 and its 200-day moving average price is $390.29.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president now directly owns 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. DA Davidson increased their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

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.