CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,866 shares of the company’s stock after selling 219 shares during the quarter. Kentucky Retirement Systems’ holdings in CrowdStrike were worth $5,429,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI purchased a new stake in CrowdStrike during the third quarter valued at about $246,000. International Assets Investment Management LLC raised its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares during the period. Romano Brothers AND Company purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $300,000. Hennion & Walsh Asset Management Inc. boosted its stake in CrowdStrike by 27.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,085 shares of the company’s stock worth $2,548,000 after purchasing an additional 1,967 shares during the period. Finally, CENTRAL TRUST Co grew its position in CrowdStrike by 118.5% during the 3rd quarter. CENTRAL TRUST Co now owns 5,099 shares of the company’s stock worth $1,430,000 after purchasing an additional 2,765 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CRWD shares. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Piper Sandler lifted their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Barclays raised their price target on shares of CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a report on Friday. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $383.08.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $406.61 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a fifty day moving average price of $384.76 and a 200 day moving average price of $329.67. The stock has a market cap of $100.15 billion, a P/E ratio of 797.30, a PEG ratio of 18.44 and a beta of 1.16.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. The trade was a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Company Profile

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.