CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Increased by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 50,386 shares of the company’s stock after buying 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.

Other large investors have also made changes to their positions in the company. Czech National Bank raised its position in CrowdStrike by 7.0% during the third quarter. Czech National Bank now owns 47,033 shares of the company’s stock valued at $13,191,000 after buying an additional 3,084 shares during the period. GAMMA Investing LLC increased its holdings in shares of CrowdStrike by 77.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock valued at $328,000 after purchasing an additional 509 shares during the period. Strategic Wealth Partners Ltd. lifted its position in shares of CrowdStrike by 13.7% in the third quarter. Strategic Wealth Partners Ltd. now owns 1,854 shares of the company’s stock worth $520,000 after purchasing an additional 223 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike during the third quarter worth approximately $98,000. Finally, Daymark Wealth Partners LLC grew its position in CrowdStrike by 6.5% during the third quarter. Daymark Wealth Partners LLC now owns 8,569 shares of the company’s stock valued at $2,403,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.8 %

Shares of CRWD opened at $420.51 on Friday. The business’s 50 day simple moving average is $365.55 and its 200-day simple moving average is $314.12. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $421.63. The company has a market capitalization of $103.58 billion, a P/E ratio of 824.55, a PEG ratio of 21.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,801 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,565 shares of company stock valued at $39,898,614. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Truist Financial lifted their price objective on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Monday. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company 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 assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $370.00.

CrowdStrike Profile

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.