South Dakota Investment Council Grows Position in CrowdStrike $CRWD

South Dakota Investment Council increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 71.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the company’s stock after purchasing an additional 500 shares during the quarter. South Dakota Investment Council’s holdings in CrowdStrike were worth $611,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System raised its stake in shares of CrowdStrike by 1.3% during the second quarter. State of Michigan Retirement System now owns 67,700 shares of the company’s stock valued at $34,480,000 after acquiring an additional 900 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of CrowdStrike by 7.2% during the second quarter. iA Global Asset Management Inc. now owns 27,583 shares of the company’s stock valued at $14,048,000 after acquiring an additional 1,842 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $622,000. Elm Partners Management LLC bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $4,584,000. Finally, Welch & Forbes LLC raised its stake in shares of CrowdStrike by 3.2% during the second quarter. Welch & Forbes LLC now owns 1,276 shares of the company’s stock valued at $650,000 after acquiring an additional 40 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $430.00 to $500.00 and gave the company a “hold” rating in a research note on Monday, September 22nd. KeyCorp upped their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Wedbush upped their price target on shares of CrowdStrike from $525.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Stifel Nicolaus upped their price target on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.80.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares of the company’s stock, valued at approximately $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer directly owned 220,424 shares in the company, valued at approximately $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 116,622 shares of company stock valued at $58,561,456. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 3.3%

NASDAQ:CRWD opened at $533.92 on Wednesday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $555.81. The firm has a 50 day moving average of $480.44 and a 200 day moving average of $464.34. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $133.99 billion, a price-to-earnings ratio of -448.67, a PEG ratio of 129.70 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Company 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.