New Mexico Educational Retirement Board Purchases Shares of 11,600 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New Mexico Educational Retirement Board acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,600 shares of the company’s stock, valued at approximately $4,445,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arlington Financial Advisors LLC increased its stake in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp increased its position in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Means Investment CO. Inc. raised its stake in CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares during the period. Shepherd Financial Partners LLC boosted its holdings in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares in the last quarter. Finally, Albion Financial Group UT grew its stake in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWD. Wells Fargo & Company cut their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Susquehanna dropped their price objective on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research note on Thursday. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Finally, Mizuho decreased their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $246.39 on Friday. The firm has a market cap of $59.96 billion, a P/E ratio of 464.89, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $289.69 and its 200-day moving average is $315.77. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. Corporate insiders own 4.34% of the company’s stock.

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.