Louisiana State Employees Retirement System Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Louisiana State Employees Retirement System lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,600 shares of the company’s stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CrowdStrike were worth $10,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $27,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the third quarter worth about $28,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $431.64 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $106.32 billion, a PE ratio of 846.37, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The firm’s 50 day moving average price is $370.16 and its 200-day moving average price is $317.93. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $434.78.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock valued at $50,597,609. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRWD shares. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Piper Sandler upped their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. 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 report on Monday, November 25th. Finally, KeyCorp upped their price objective on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.