CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,878 shares of the company’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CrowdStrike were worth $642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empirical Asset Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. increased its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC boosted its stake in CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Oppenheimer increased their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Price Performance

Shares of CRWD opened at $421.59 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $431.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $103.84 billion, a price-to-earnings ratio of 826.66, a PEG ratio of 21.13 and a beta of 1.16. The stock has a 50 day moving average of $367.00 and a 200-day moving average of $314.86.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,565 shares of company stock worth $39,898,614 over the last ninety days. 4.34% of the stock is owned by insiders.

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.