Public Employees Retirement System of Ohio Sells 3,372 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Public Employees Retirement System of Ohio decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,789 shares of the company's stock after selling 3,372 shares during the period. Public Employees Retirement System of Ohio's holdings in CrowdStrike were worth $33,459,000 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. Grassi Investment Management bought a new stake in CrowdStrike during the 4th quarter valued at $240,000. Magnus Financial Group LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at $241,000. Mutual Advisors LLC raised its stake in shares of CrowdStrike by 15.1% during the 4th quarter. Mutual Advisors LLC now owns 5,114 shares of the company's stock valued at $1,858,000 after purchasing an additional 670 shares during the period. Avior Wealth Management LLC raised its stake in shares of CrowdStrike by 8.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,137 shares of the company's stock valued at $389,000 after purchasing an additional 91 shares during the period. Finally, IVC Wealth Advisors LLC lifted its holdings in CrowdStrike by 7.5% during the 4th quarter. IVC Wealth Advisors LLC now owns 1,426 shares of the company's stock worth $488,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 2.6%

Shares of CRWD opened at $455.59 on Friday. The stock has a market capitalization of $112.93 billion, a P/E ratio of 893.33, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $459.93. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $395.04 and a two-hundred day simple moving average of $379.13.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,431 shares of company stock valued at $74,472,548. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday. DA Davidson increased their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, JMP Securities boosted their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $403.83.

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.

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