Swedbank AB Trims Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Swedbank AB lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,441 shares of the company's stock after selling 6,880 shares during the period. Swedbank AB's holdings in CrowdStrike were worth $28,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CRWD. Empirical Asset Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. 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 buying an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock valued at $124,644,000 after buying an additional 2,863 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 in the last ninety days. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded down $0.71 during trading hours on Monday, hitting $397.36. 2,471,956 shares of the company's stock traded hands, compared to its average volume of 3,233,306. The company has a market capitalization of $97.87 billion, a PE ratio of 781.01, a PEG ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $411.30. The firm's 50-day moving average is $362.61 and its 200-day moving average is $312.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRWD shares. Jefferies Financial Group boosted their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Susquehanna upped their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a "positive" rating in a research note on Wednesday, November 27th. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their target price on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. Finally, JMP Securities reiterated a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $370.00.

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.