New York State Teachers Retirement System Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New York State Teachers Retirement System decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,318 shares of the company’s stock after selling 2,933 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of CrowdStrike worth $65,461,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Planning grew its holdings in shares of CrowdStrike by 9.2% during the third quarter. Creative Planning now owns 173,349 shares of the company’s stock worth $48,619,000 after buying an additional 14,609 shares during the last quarter. SPC Financial Inc. purchased a new position in shares of CrowdStrike during the third quarter worth about $209,000. Bfsg LLC grew its holdings in shares of CrowdStrike by 138.7% during the third quarter. Bfsg LLC now owns 327 shares of the company’s stock worth $92,000 after buying an additional 190 shares during the last quarter. Naviter Wealth LLC purchased a new position in shares of CrowdStrike during the third quarter worth about $310,000. Finally, Good Life Advisors LLC grew its holdings in shares of CrowdStrike by 223.9% during the third quarter. Good Life Advisors LLC now owns 3,543 shares of the company’s stock worth $994,000 after buying an additional 2,449 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares of the company’s stock, valued at $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,565 shares of company stock valued at $49,235,849. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRWD. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Evercore ISI raised their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Rosenblatt Securities raised their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Down 0.4 %

CRWD stock opened at $451.74 on Friday. The stock has a market capitalization of $111.27 billion, a P/E ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $454.13. The company has a 50 day moving average price of $374.98 and a two-hundred day moving average price of $320.90.

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.