Lansforsakringar Fondforvaltning AB publ Decreases Stock Position in CrowdStrike $CRWD

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in CrowdStrike by 2.6%, selling 2,056 shares, leaving it with a total of 76,901 shares valued at approximately $27 million.
• CrowdStrike's latest quarterly earnings showed a 21.4% year-over-year revenue increase, reporting $1.17 billion, exceeding analyst estimates of $1.15 billion.
• Recent insider trading activity includes significant sales from CEO George Kurtz and CFO Burt W. Podbere, who sold shares valued at over $24 million combined.

Lansforsakringar Fondforvaltning AB publ cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,901 shares of the company's stock after selling 2,056 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in CrowdStrike were worth $27,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% in the first 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 last quarter. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% in the first 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 last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of CrowdStrike in the first quarter worth about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 4.6%

Shares of CRWD opened at $442.00 on Friday. 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 has a 12 month low of $242.25 and a 12 month high of $517.98. The stock's 50 day moving average is $462.52 and its two-hundred day moving average is $427.58. The firm has a market cap of $110.17 billion, a P/E ratio of -371.43 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 1.58% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.04 earnings per share. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Scotiabank reduced their price objective on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Thursday. Raymond James Financial restated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cfra restated a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Jefferies Financial Group reduced their price objective on CrowdStrike from $530.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group raised their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Twenty-five equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $456.98.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 204,414 shares of company stock valued at $96,794,738 in the last 90 days. Corporate insiders own 3.32% of the company's stock.

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.

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