Lansforsakringar Fondforvaltning AB publ Purchases Shares of 78,957 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lansforsakringar Fondforvaltning AB publ bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 78,957 shares of the company's stock, valued at approximately $27,016,000.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Bellwether Advisors LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $37,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the completion of the sale, the director now owns 39,500 shares of the company's stock, valued at approximately $18,525,500. The trade was a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 over the last quarter. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.5%

Shares of NASDAQ:CRWD traded up $7.01 during midday trading on Friday, reaching $465.82. The company's stock had a trading volume of 4,481,144 shares, compared to its average volume of 5,121,588. The firm has a market cap of $115.46 billion, a price-to-earnings ratio of 913.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $474.23. The business has a 50 day moving average price of $404.18 and a 200 day moving average price of $383.65.

Analyst Ratings Changes

A number of analysts have weighed in on CRWD shares. Truist Financial decreased their price objective on CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Rosenblatt Securities reissued a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JMP Securities increased their target price on CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a research note on Monday, May 5th. Finally, Robert W. Baird cut their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $408.12.

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.