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

Retirement Systems of Alabama lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,091 shares of the company’s stock after selling 793 shares during the period. Retirement Systems of Alabama’s holdings in CrowdStrike were worth $14,049,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CRWD. Hennion & Walsh Asset Management Inc. boosted its stake in CrowdStrike by 96.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,118 shares of the company’s stock worth $2,728,000 after purchasing an additional 3,498 shares during the period. Nisa Investment Advisors LLC raised its position in CrowdStrike by 18.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 27,669 shares of the company’s stock worth $10,602,000 after buying an additional 4,348 shares during the last quarter. Apollon Wealth Management LLC raised its position in CrowdStrike by 9.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,047 shares of the company’s stock worth $4,616,000 after buying an additional 1,022 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in CrowdStrike by 10.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 166,302 shares of the company’s stock worth $63,725,000 after buying an additional 16,229 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in CrowdStrike by 4.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,212 shares of the company’s stock worth $464,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp upped their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. DA Davidson reiterated a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Sanford C. Bernstein cut their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Barclays increased their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Trading Up 0.7 %

CRWD opened at $368.02 on Monday. The firm has a market capitalization of $90.65 billion, a P/E ratio of 721.61, a P/E/G ratio of 19.48 and a beta of 1.11. The firm’s 50 day moving average is $330.62 and its 200-day moving average is $313.70. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 5,500 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.60, for a total transaction of $1,636,800.00. Following the completion of the transaction, the insider now directly owns 169,091 shares of the company’s stock, valued at approximately $50,321,481.60. This represents a 3.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,998 shares of company stock worth $43,943,100. Insiders own 4.34% of the company’s stock.

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.