State of Michigan Retirement System Buys 300 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

State of Michigan Retirement System boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,200 shares of the company’s stock after buying an additional 300 shares during the quarter. State of Michigan Retirement System’s holdings in CrowdStrike were worth $21,625,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jacobi Capital Management LLC grew its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares in the last quarter. Synergy Financial Group LTD boosted its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the last quarter. M3 Advisory Group LLC boosted its position in CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after acquiring an additional 32 shares during the last quarter. Advisor OS LLC grew its stake in shares of CrowdStrike by 2.5% during the 4th quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after acquiring an additional 32 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after purchasing an additional 33 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 1.9 %

Shares of CRWD stock opened at $390.16 on Wednesday. The stock has a market cap of $96.10 billion, a P/E ratio of 765.03, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $387.85 and a 200 day simple moving average of $337.82.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $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 sold 100,315 shares of company stock valued at $38,387,254 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group lifted 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. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $391.75.

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.