Swedbank AB Sells 6,880 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Swedbank AB decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,441 shares of the company’s stock after selling 6,880 shares during the period. Swedbank AB’s holdings in CrowdStrike were worth $28,892,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $38,000. Sanctuary Advisors LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $15,285,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at $41,836,000. Anchor Investment Management LLC grew its position in CrowdStrike by 130.0% in the second quarter. Anchor Investment Management LLC now owns 230 shares of the company’s stock valued at $88,000 after acquiring an additional 130 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in CrowdStrike by 211.0% in the 2nd quarter. Centaurus Financial Inc. now owns 2,435 shares of the company’s stock worth $933,000 after purchasing an additional 1,652 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $396.87 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s fifty day moving average price is $361.31 and its 200-day moving average price is $312.25. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $411.30. The stock has a market cap of $97.75 billion, a P/E ratio of 778.19, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

Analyst Ratings Changes

A number of research firms have commented on CRWD. BMO Capital Markets upped their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $369.00.

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.