Oregon Public Employees Retirement Fund Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oregon Public Employees Retirement Fund increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 19,955 shares of the company’s stock after buying an additional 192 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CrowdStrike were worth $6,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. Nisa Investment Advisors LLC increased its position in CrowdStrike by 50.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock worth $11,688,000 after purchasing an additional 14,003 shares in the last quarter. Autumn Glory Partners LLC purchased a new stake in CrowdStrike during the 3rd quarter worth about $280,000. abrdn plc boosted its stake in CrowdStrike by 25.0% in the 3rd quarter. abrdn plc now owns 76,442 shares of the company’s stock worth $21,513,000 after buying an additional 15,310 shares during the last quarter. Gateway Wealth Partners LLC boosted its stake in CrowdStrike by 16.1% in the 3rd quarter. Gateway Wealth Partners LLC now owns 723 shares of the company’s stock worth $203,000 after buying an additional 100 shares during the last quarter. Finally, Strategic Blueprint LLC boosted its stake in CrowdStrike by 6.4% in the 3rd quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock worth $701,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the business’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 directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Susquehanna raised their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Bank of America raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $430.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $387.08.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $394.56 on Thursday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 $97.18 billion, a price-to-earnings ratio of 773.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business has a 50 day simple moving average of $385.81 and a 200-day simple moving average of $333.53.

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.