Arizona State Retirement System Purchases 863 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arizona State Retirement System raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,012 shares of the company’s stock after acquiring an additional 863 shares during the period. Arizona State Retirement System’s holdings in CrowdStrike were worth $22,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike during the fourth quarter valued at $34,000. Finally, Ashton Thomas Securities LLC bought a new position in CrowdStrike during the third quarter valued at $38,000. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. Bank of America upped their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. UBS Group cut their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Piper Sandler upped their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Truist Financial upped their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 in the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $365.44 on Thursday. The firm has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. 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 company has a 50 day moving average price of $387.84 and a 200 day moving average price of $338.02. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

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.