CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,200 shares of the company’s stock after selling 19,162 shares during the period. New York State Common Retirement Fund’s holdings in CrowdStrike were worth $72,978,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CRWD. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the last quarter. Legal & General Group Plc increased its holdings in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. raised its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after purchasing an additional 9,564 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.1 %

Shares of CRWD opened at $303.13 on Friday. CrowdStrike Holdings, Inc. has a one year low of $178.35 and a one year high of $398.33. The stock has a 50-day moving average price of $284.85 and a 200 day moving average price of $307.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $74.31 billion, a P/E ratio of 439.32, a P/E/G ratio of 20.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Truist Financial restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Morgan Stanley restated an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Monday, September 9th. Finally, DA Davidson reiterated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $328.74.

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.