Louisiana State Employees Retirement System Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Louisiana State Employees Retirement System bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,100 shares of the company’s stock, valued at approximately $4,621,000.

Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in CrowdStrike in the 4th quarter worth $25,000. CVA Family Office LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike during the 3rd quarter worth about $27,000. Gradient Investments LLC increased its holdings in shares of CrowdStrike by 1,818.2% during the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth about $36,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 22,123 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the completion of the sale, the president now owns 311,872 shares of the company’s stock, valued at $89,195,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Michael Sentonas sold 22,123 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the completion of the sale, the president now owns 311,872 shares of the company’s stock, valued at $89,195,392. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,667 shares of company stock valued at $77,205,950. Corporate insiders own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Guggenheim boosted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, April 8th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Evercore ISI upped their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.29.

CrowdStrike Trading Down 2.8 %

NASDAQ CRWD traded down $8.75 during trading hours on Friday, hitting $309.05. The company’s stock had a trading volume of 2,176,260 shares, compared to its average volume of 2,280,736. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $74.75 billion, a P/E ratio of 858.50, a PEG ratio of 12.36 and a beta of 1.05. The stock has a fifty day moving average of $319.83 and a 200 day moving average of $259.92.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.