Forsta AP Fonden Has $13.40 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Forsta AP Fonden decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,000 shares of the company’s stock after selling 3,200 shares during the period. Forsta AP Fonden’s holdings in CrowdStrike were worth $13,398,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC increased its holdings in shares of CrowdStrike by 6.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,356 shares of the company’s stock valued at $989,000 after acquiring an additional 260 shares during the last quarter. Octavia Wealth Advisors LLC acquired a new stake in CrowdStrike in the 1st quarter valued at approximately $294,000. Addison Capital Co acquired a new stake in CrowdStrike in the 1st quarter valued at approximately $933,000. CENTRAL TRUST Co grew its holdings in shares of CrowdStrike by 79.5% during the 1st quarter. CENTRAL TRUST Co now owns 271 shares of the company’s stock worth $62,000 after purchasing an additional 120 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of CrowdStrike by 3.5% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 115,517 shares of the company’s stock worth $26,232,000 after purchasing an additional 3,873 shares in the last quarter. Institutional investors and hedge funds own 63.02% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 71,528 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total value of $11,827,154.80. Following the sale, the chief executive officer now owns 958,309 shares in the company, valued at $158,456,393.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO George Kurtz sold 71,528 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total value of $11,827,154.80. Following the transaction, the chief executive officer now owns 958,309 shares of the company’s stock, valued at $158,456,393.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 8,713 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total value of $1,437,906.39. Following the sale, the insider now directly owns 185,584 shares in the company, valued at approximately $30,626,927.52. The disclosure for this sale can be found here. Insiders have sold 91,679 shares of company stock worth $15,154,848 over the last 90 days. Company insiders own 6.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Oppenheimer cut their target price on CrowdStrike from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, June 3rd. Jefferies Financial Group raised their target price on CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. The Goldman Sachs Group upgraded CrowdStrike from a “neutral” rating to a “buy” rating and raised their target price for the stock from $241.00 to $285.00 in a research report on Tuesday, April 12th. BTIG Research cut their target price on CrowdStrike from $257.00 to $234.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Finally, DA Davidson cut their target price on CrowdStrike from $280.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Twenty-seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Buy” and a consensus target price of $251.38.

CrowdStrike Stock Up 1.0 %

NASDAQ:CRWD opened at $191.17 on Friday. The stock has a market cap of $44.36 billion, a price-to-earnings ratio of -241.99 and a beta of 1.28. The stock has a 50-day moving average price of $175.99 and a two-hundred day moving average price of $183.55. CrowdStrike Holdings, Inc. has a 1 year low of $130.00 and a 1 year high of $298.48. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $487.83 million for the quarter, compared to analyst estimates of $464.35 million. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The company’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) earnings per share. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post -0.63 earnings per share for the current year.

CrowdStrike Profile

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

See Also

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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