California Public Employees Retirement System Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

California Public Employees Retirement System lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,531 shares of the company’s stock after buying an additional 4,780 shares during the quarter. California Public Employees Retirement System owned 0.16% of CrowdStrike worth $99,710,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike during the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $36,000. Quent Capital LLC raised its holdings in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in CrowdStrike during the third quarter worth $27,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 3.6 %

Shares of NASDAQ CRWD opened at $299.65 on Wednesday. The stock’s 50 day moving average price is $316.62 and its two-hundred day moving average price is $266.85. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The stock has a market capitalization of $72.48 billion, a P/E ratio of 832.38, a PEG ratio of 11.56 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRWD. Macquarie reaffirmed an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a report on Tuesday, March 19th. Evercore ISI lifted their price objective on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Sanford C. Bernstein began coverage on CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective for the company. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Finally, Royal Bank of Canada boosted their price target on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $371.87.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Company 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.