Handelsbanken Fonder AB Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Handelsbanken Fonder AB decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,878 shares of the company’s stock after selling 16,212 shares during the period. Handelsbanken Fonder AB’s holdings in CrowdStrike were worth $20,394,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRWD. Morgan Stanley raised its position in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the last quarter. International Assets Investment Management LLC raised its position in CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after buying an additional 731,057 shares during the last quarter. Invesco Ltd. raised its position in CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after buying an additional 429,186 shares during the last quarter. Ameriprise Financial Inc. raised its position in CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after buying an additional 419,619 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in CrowdStrike by 66.0% in the 3rd quarter. Federated Hermes Inc. now owns 875,774 shares of the company’s stock worth $146,589,000 after buying an additional 348,265 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,786 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,786 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWD. BTIG Research boosted their target price on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC upped their price target on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Barclays upped their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Trading Up 2.3 %

CRWD stock opened at $289.15 on Tuesday. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 803.22, a PEG ratio of 11.30 and a beta of 1.05. The business has a 50 day simple moving average of $317.08 and a two-hundred day simple moving average of $265.99.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

CrowdStrike Company 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.