Swedbank AB Sells 151,623 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Swedbank AB reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 62.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,321 shares of the company’s stock after selling 151,623 shares during the period. Swedbank AB’s holdings in CrowdStrike were worth $25,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beacon Financial Advisory LLC bought a new stake in CrowdStrike during the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $237,331,000 after acquiring an additional 78,305 shares during the period. Burney Co. bought a new position in CrowdStrike during the 1st quarter worth about $1,342,000. Doliver Advisors LP increased its position in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Down 2.3 %

Shares of CrowdStrike stock opened at $363.68 on Tuesday. The firm has a 50-day simple moving average of $309.95 and a two-hundred day simple moving average of $312.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market cap of $89.15 billion, a P/E ratio of 527.07, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRWD. Raymond James dropped their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. DA Davidson reiterated a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Susquehanna reaffirmed a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. KeyCorp boosted their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Piper Sandler restated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $339.08.

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.