Handelsbanken Fonder AB trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,248 shares of the company's stock after selling 5,106 shares during the period. Handelsbanken Fonder AB's holdings in CrowdStrike were worth $21,666,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of CRWD. Pathstone Holdings LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at approximately $450,418,000. Vanguard Group Inc. raised its position in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company's stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company's stock valued at $177,865,000 after acquiring an additional 477,706 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $100,459,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CRWD opened at $292.24 on Monday. CrowdStrike Holdings, Inc. has a fifty-two week low of $160.92 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a 50 day moving average price of $261.84 and a 200 day moving average price of $309.48. The stock has a market capitalization of $71.12 billion, a P/E ratio of 551.40, a PEG ratio of 19.60 and a beta of 1.10.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts' expectations of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company's revenue was up 31.7% on a year-over-year basis. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.
In related news, President Michael Sentonas sold 10,776 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares of the company's stock, valued at $119,027,939.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Michael Sentonas sold 10,776 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,962 shares of company stock valued at $28,774,798. 4.34% of the stock is currently owned by company insiders.
Several analysts have commented on the company. Scotiabank dropped their price objective on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 14th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, September 19th. Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group cut their target price on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CrowdStrike from $400.00 to $330.00 and set an "overweight" rating on the stock in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $326.50.
Check Out Our Latest Stock Analysis on CRWD
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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