Utah Retirement Systems Buys 644 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Utah Retirement Systems lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,168 shares of the company's stock after purchasing an additional 644 shares during the period. Utah Retirement Systems' holdings in CrowdStrike were worth $13,060,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. boosted its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the period. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the 4th quarter valued at about $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,875 shares of company stock valued at $50,491,736 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.5 %

Shares of NASDAQ:CRWD opened at $428.87 on Thursday. The stock has a market cap of $106.31 billion, a PE ratio of 840.94, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The business has a 50 day moving average of $369.76 and a 200-day moving average of $363.75.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRWD shares. Wedbush lifted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Roth Capital started coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. KeyCorp lowered their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $400.76.

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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