Louisiana State Employees Retirement System Sells 1,200 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Louisiana State Employees Retirement System trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,600 shares of the company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in CrowdStrike were worth $10,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CRWD. Synergy Financial Group LTD lifted its stake in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the last quarter. M3 Advisory Group LLC raised its holdings in shares of CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after buying an additional 32 shares during the period. Meridian Financial Partners LLC lifted its stake in shares of CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after acquiring an additional 33 shares during the last quarter. First Affirmative Financial Network boosted its holdings in CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after acquiring an additional 33 shares during the period. Finally, Sunpointe LLC grew its position in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.6 %

NASDAQ:CRWD opened at $431.64 on Wednesday. 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 firm has a fifty day simple moving average of $370.16 and a 200-day simple moving average of $317.93. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $434.78. The company has a market capitalization of $106.32 billion, a P/E ratio of 846.37, a PEG ratio of 17.22 and a beta of 1.16.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock valued at $50,597,609. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on CRWD shares. Jefferies Financial Group lifted their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Bank of America lifted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Rosenblatt Securities lifted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Truist Financial boosted their price target on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.13.

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.