CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,386 shares of the company’s stock after acquiring an additional 295 shares during the quarter. Retirement Systems of Alabama’s holdings in CrowdStrike were worth $17,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $27,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at $28,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Tsfg LLC lifted its stake in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,565 shares of company stock valued at $39,898,614 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRWD shares. Robert W. Baird reissued a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Monday. Royal Bank of Canada raised their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Stock Up 0.8 %

CRWD stock opened at $420.51 on Friday. The firm’s 50-day moving average is $365.55 and its two-hundred day moving average is $314.12. The company has a market capitalization of $103.58 billion, a price-to-earnings ratio of 824.55, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $421.63. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.