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

California Public Employees Retirement System trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 360,277 shares of the company’s stock after selling 24,028 shares during the period. California Public Employees Retirement System’s holdings in CrowdStrike were worth $123,272,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock valued at $42,092,255 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $357.11 on Monday. 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 capitalization of $88.52 billion, a P/E ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm has a 50-day moving average price of $388.15 and a two-hundred day moving average price of $349.49. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Wedbush boosted their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Barclays dropped their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Morgan Stanley set a $429.00 target price on CrowdStrike in a research report on Tuesday, March 18th. Finally, Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $400.26.

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.