Maryland State Retirement & Pension System Sells 709 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Maryland State Retirement & Pension System reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,371 shares of the company’s stock after selling 709 shares during the quarter. Maryland State Retirement & Pension System’s holdings in CrowdStrike were worth $4,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CRWD. Jacobi Capital Management LLC grew its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC increased its stake in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Synergy Financial Group LTD lifted its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC boosted its stake in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CRWD. Oppenheimer lifted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Morgan Stanley began coverage on CrowdStrike in a research report on Tuesday. They issued an “overweight” rating for the company. Finally, Wedbush increased their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Stock Up 3.3 %

CRWD stock opened at $375.05 on Thursday. The business’s 50-day moving average price is $386.06 and its 200-day moving average price is $343.34. The stock has a market cap of $92.96 billion, a P/E ratio of 735.41, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.