Forsta AP Fonden Sells 7,200 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Forsta AP Fonden decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,100 shares of the company's stock after selling 7,200 shares during the period. Forsta AP Fonden's holdings in CrowdStrike were worth $20,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the first quarter worth approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at about $30,000. Johnson Financial Group Inc. acquired a new position in CrowdStrike in the 4th quarter valued at approximately $31,000. Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the first quarter worth $32,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

CRWD stock traded up $3.57 during midday trading on Thursday, reaching $257.10. The company had a trading volume of 2,589,550 shares, compared to its average volume of 5,352,262. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The stock has a 50 day moving average price of $281.35 and a 200-day moving average price of $314.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $62.57 billion, a price-to-earnings ratio of 485.28, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company's stock, valued at $46,563,660. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company's stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company's stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 over the last three months. Insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. Redburn Atlantic lowered CrowdStrike from a "neutral" rating to a "sell" rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Royal Bank of Canada decreased their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen cut their price target on CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $327.16.

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.