California State Teachers Retirement System Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

California State Teachers Retirement System raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,416 shares of the company’s stock after purchasing an additional 1,667 shares during the period. California State Teachers Retirement System’s holdings in CrowdStrike were worth $55,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Industrial Alliance Investment Management Inc. boosted its holdings in CrowdStrike by 130.7% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 30,122 shares of the company’s stock worth $4,964,000 after buying an additional 17,067 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of CrowdStrike during the third quarter worth $50,000. Ambassador Advisors LLC boosted its holdings in shares of CrowdStrike by 20.0% in the third quarter. Ambassador Advisors LLC now owns 20,638 shares of the company’s stock worth $3,402,000 after acquiring an additional 3,435 shares during the period. National Pension Service grew its position in shares of CrowdStrike by 1.1% in the third quarter. National Pension Service now owns 322,038 shares of the company’s stock valued at $53,362,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Liberty One Investment Management LLC raised its stake in shares of CrowdStrike by 208.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 6,300 shares of the company’s stock valued at $1,038,000 after purchasing an additional 4,255 shares during the period. Institutional investors own 65.05% of the company’s stock.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin purchased 35,000 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The shares were acquired at an average price of $96.19 per share, for a total transaction of $3,366,650.00. Following the completion of the acquisition, the director now directly owns 100,419 shares in the company, valued at approximately $9,659,303.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Roxanne S. Austin acquired 35,000 shares of the stock in a transaction on Thursday, January 5th. The stock was acquired at an average cost of $96.19 per share, for a total transaction of $3,366,650.00. Following the completion of the acquisition, the director now directly owns 100,419 shares of the company’s stock, valued at approximately $9,659,303.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin bought 15,000 shares of CrowdStrike stock in a transaction on Tuesday, December 27th. The shares were purchased at an average price of $100.03 per share, for a total transaction of $1,500,450.00. Following the acquisition, the director now directly owns 55,419 shares in the company, valued at approximately $5,543,562.57. The disclosure for this purchase can be found here. Insiders sold a total of 109,252 shares of company stock worth $11,807,218 over the last quarter. 6.82% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Cowen reduced their target price on CrowdStrike from $220.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 30th. Jefferies Financial Group cut shares of CrowdStrike from a “buy” rating to a “hold” rating and lowered their target price for the stock from $175.00 to $120.00 in a research note on Thursday, January 5th. UBS Group boosted their price target on shares of CrowdStrike from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. Canaccord Genuity Group lowered their price objective on CrowdStrike from $230.00 to $175.00 in a research report on Wednesday, November 30th. Finally, MKM Partners decreased their target price on CrowdStrike from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Five equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $173.14.

CrowdStrike Trading Up 3.2 %

NASDAQ CRWD opened at $133.52 on Friday. The stock has a market cap of $31.30 billion, a P/E ratio of -169.01 and a beta of 1.02. CrowdStrike Holdings, Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $242.00. The stock has a 50 day simple moving average of $112.44 and a two-hundred day simple moving average of $133.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.73 and a current ratio of 1.73.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.