Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 778 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,483 shares of the company’s stock after selling 778 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CrowdStrike were worth $16,931,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRWD. Jacobi Capital Management LLC increased its holdings in shares of CrowdStrike by 1.9% in 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 during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC boosted its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares in the last quarter. Synergy Financial Group LTD grew its holdings in shares of 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 period. Finally, Greenwich Wealth Management LLC raised its position in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CRWD shares. Bank of America upped their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Jefferies Financial Group lowered their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Susquehanna lifted their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Finally, UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Stock Performance

CRWD opened at $369.03 on Friday. The company’s 50 day moving average is $386.27 and its 200 day moving average is $343.52. 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 company has a market cap of $91.47 billion, a price-to-earnings ratio of 723.60, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,319,124 in the last 90 days. 4.34% of the stock is currently owned by insiders.

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.