CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,441 shares of the company’s stock after purchasing an additional 14,193 shares during the period. Handelsbanken Fonder AB’s holdings in CrowdStrike were worth $31,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Berbice Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Princeton Global Asset Management LLC increased its holdings in shares of CrowdStrike by 240.0% during the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock valued at $38,000 after acquiring an additional 96 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $436.14 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a market cap of $107.43 billion, a PE ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16. The stock’s 50 day simple moving average is $383.99 and its 200-day simple moving average is $328.39.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Jefferies Financial Group raised their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Susquehanna boosted their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price objective on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were 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 owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. Corporate insiders own 4.34% 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.