KLP Kapitalforvaltning AS Has $29.90 Million Stock Position in CrowdStrike (NASDAQ:CRWD)

KLP Kapitalforvaltning AS raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,790 shares of the company's stock after acquiring an additional 5,640 shares during the quarter. KLP Kapitalforvaltning AS's holdings in CrowdStrike were worth $29,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Guidance Capital Inc. bought a new position in CrowdStrike in the first quarter valued at approximately $221,000. Choreo LLC boosted its stake in CrowdStrike by 10.0% in the first quarter. Choreo LLC now owns 8,895 shares of the company's stock valued at $3,136,000 after acquiring an additional 811 shares during the last quarter. Crystal Rock Capital Management boosted its stake in CrowdStrike by 58.0% in the first quarter. Crystal Rock Capital Management now owns 10,035 shares of the company's stock valued at $3,538,000 after acquiring an additional 3,685 shares during the last quarter. PFG Advisors boosted its stake in CrowdStrike by 28.4% in the first quarter. PFG Advisors now owns 962 shares of the company's stock valued at $339,000 after acquiring an additional 213 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in CrowdStrike by 5.0% in the first quarter. HighPoint Advisor Group LLC now owns 15,077 shares of the company's stock valued at $5,316,000 after acquiring an additional 714 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 241,820 shares of company stock worth $113,297,985 over the last ninety days. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $520.00 to $530.00 and gave the company a "buy" rating in a research note on Thursday. DA Davidson lifted their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Wedbush lifted their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $5.89 during trading on Friday, hitting $467.92. 1,788,951 shares of the stock were exchanged, compared to its average volume of 2,689,736. The stock has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The company has a fifty day moving average price of $477.89 and a 200-day moving average price of $419.12. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, equities analysts predict 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.