KLP Kapitalforvaltning AS Buys 4,550 Shares of CrowdStrike $CRWD

Key Points

• KLP Kapitalforvaltning AS increased its stake in CrowdStrike by 5.4%, acquiring an additional 4,550 shares, bringing its total holdings to 89,340 shares valued at approximately $45.5 million.
• A significant portion of CrowdStrike's stock, 71.16%, is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• CrowdStrike's stock has seen recent trades by insiders, including a notable sale of 1,762 shares by the chief accounting officer, reflecting activities within company leadership.

KLP Kapitalforvaltning AS lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,340 shares of the company's stock after acquiring an additional 4,550 shares during the period. KLP Kapitalforvaltning AS's holdings in CrowdStrike were worth $45,502,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Financial Management Professionals Inc. increased its stake in CrowdStrike by 91.9% in the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in 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 buying an additional 58 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,762 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $482.41, for a total transaction of $850,006.42. Following the completion of the sale, the chief accounting officer directly owned 37,255 shares of the company's stock, valued at approximately $17,972,184.55. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on 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 sale, the director owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,816 shares of company stock worth $62,606,356. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Capital One Financial raised their price objective on CrowdStrike from $495.00 to $519.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. KeyCorp upped their target price on CrowdStrike from $495.00 to $510.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, August 28th. New Street Research set a $460.00 price target on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, Macquarie raised their price objective on shares of CrowdStrike from $465.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus target price of $487.11.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $495.95 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $124.46 billion, a PE ratio of -416.76, a price-to-earnings-growth ratio of 115.12 and a beta of 1.19. The stock's fifty day simple moving average is $446.69 and its two-hundred day simple moving average is $441.44. CrowdStrike has a 1-year low of $285.79 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. 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 EPS for the current fiscal 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.

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