Livforsakringsbolaget Skandia Omsesidigt Purchases 278 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Livforsakringsbolaget Skandia Omsesidigt increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 92.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 578 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CrowdStrike were worth $148,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new stake in CrowdStrike in the first quarter valued at approximately $654,000. MetLife Investment Management LLC purchased a new stake in CrowdStrike in the first quarter valued at approximately $2,930,000. Yousif Capital Management LLC raised its stake in shares of CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after acquiring an additional 120 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of CrowdStrike by 37.3% during the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after acquiring an additional 769 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of CrowdStrike by 14.4% during the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CRWD shares. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Citigroup lifted their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. UBS Group lifted their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI lifted their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $294.10 on Friday. The stock has a market cap of $71.13 billion, a price-to-earnings ratio of 816.97, a PEG ratio of 11.75 and a beta of 1.05. The firm’s 50-day moving average is $318.65 and its 200 day moving average is $262.91. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

About CrowdStrike

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.