New York State Common Retirement Fund Purchases 25,400 Shares of CrowdStrike $CRWD

New York State Common Retirement Fund boosted its position in CrowdStrike (NASDAQ:CRWD) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,800 shares of the company’s stock after buying an additional 25,400 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of CrowdStrike worth $148,617,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $26,000. Financial Gravity Companies Inc. acquired a new stake in CrowdStrike during the second quarter worth approximately $33,000. Financial Management Professionals Inc. increased its holdings in CrowdStrike by 91.9% in the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in CrowdStrike in the second quarter valued at approximately $36,000. Finally, Wealth Watch Advisors INC acquired a new position in CrowdStrike in the second quarter valued at approximately $37,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.6%

CrowdStrike stock opened at $509.51 on Friday. The firm has a market capitalization of $127.87 billion, a price-to-earnings ratio of -428.16, a price-to-earnings-growth ratio of 118.23 and a beta of 1.16. The firm’s fifty day moving average price is $511.77 and its two-hundred day moving average price is $476.86. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. 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 earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Burt W. Podbere sold 1,957 shares of CrowdStrike stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the transaction, the chief financial officer owned 218,467 shares of the company’s stock, valued at $120,246,421.47. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 6,975 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total value of $3,835,482.75. Following the sale, the chief executive officer owned 2,108,082 shares of the company’s stock, valued at $1,159,213,210.98. This trade represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 116,622 shares of company stock worth $58,561,456. Company insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRWD shares. UBS Group reduced their price objective on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Canaccord Genuity Group increased their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research note on Monday, September 22nd. Barclays raised their price target on shares of CrowdStrike from $515.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Zacks Research upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.