CrowdStrike (NASDAQ:CRWD) Stock Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in CrowdStrike (NASDAQ:CRWD) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,594 shares of the company’s stock after selling 2,619 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CrowdStrike were worth $29,121,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after acquiring an additional 215 shares in the last quarter. OLD National Bancorp IN purchased a new position in CrowdStrike during the first quarter valued at approximately $248,000. Bessemer Group Inc. grew its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. CX Institutional purchased a new position in CrowdStrike during the first quarter valued at approximately $175,000. Finally, Voya Investment Management LLC grew its position in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after purchasing an additional 582,471 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director directly owned 774,761 shares in the company, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 in the last quarter. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Up 0.7%

CRWD opened at $427.90 on Friday. The firm’s 50-day simple moving average is $472.79 and its 200-day simple moving average is $426.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a twelve month low of $242.25 and a twelve month high of $517.98. The firm has a market cap of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. DA Davidson boosted their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Piper Sandler downgraded shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price objective on the stock. in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $461.17.

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.