CrowdStrike $CRWD Stock Holdings Lessened by Employees Retirement System of Texas

Employees Retirement System of Texas cut its holdings in CrowdStrike (NASDAQ:CRWD) by 92.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,383 shares of the company’s stock after selling 120,037 shares during the period. Employees Retirement System of Texas’ holdings in CrowdStrike were worth $5,288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. MIG Capital LLC boosted its stake in CrowdStrike by 131.9% in the second quarter. MIG Capital LLC now owns 5,235 shares of the company’s stock valued at $2,666,000 after acquiring an additional 2,978 shares during the period. Maia Wealth LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $260,000. J.W. Cole Advisors Inc. lifted its holdings in shares of CrowdStrike by 17.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,196 shares of the company’s stock worth $5,702,000 after purchasing an additional 1,672 shares during the last quarter. Associated Banc Corp acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $201,000. Finally, Advisors Asset Management Inc. boosted its position in CrowdStrike by 15.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,488 shares of the company’s stock valued at $1,776,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the transaction, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. This trade represents a 0.84% 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, CFO Burt W. Podbere sold 10,706 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the sale, the chief financial officer owned 220,424 shares in the company, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 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 Stock Down 2.1%

CRWD stock opened at $501.54 on Thursday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a market capitalization of $125.87 billion, a price-to-earnings ratio of -421.46, a price-to-earnings-growth ratio of 120.40 and a beta of 1.16. The firm’s 50-day moving average is $511.66 and its two-hundred day moving average is $476.13. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird increased their target price on CrowdStrike from $490.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. TD Cowen upped their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Morgan Stanley lifted their price objective on shares of CrowdStrike from $475.00 to $515.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Royal Bank Of Canada boosted their target price on shares of CrowdStrike from $540.00 to $621.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Stephens raised their price target on shares of CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $543.75.

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.