CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Increased by State of Michigan Retirement System

State of Michigan Retirement System raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,200 shares of the company’s stock after purchasing an additional 300 shares during the quarter. State of Michigan Retirement System’s holdings in CrowdStrike were worth $21,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at about $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Hemenway Trust Co LLC grew its position in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CRWD. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald boosted their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada increased their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $391.75.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $390.16 on Wednesday. The stock has a market capitalization of $96.10 billion, a price-to-earnings ratio of 765.03, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business’s fifty day moving average price is $387.85 and its two-hundred day moving average price is $337.82. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by insiders.

CrowdStrike 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.