New York State Common Retirement Fund Sells 17,666 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New York State Common Retirement Fund cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 164,494 shares of the company’s stock after selling 17,666 shares during the period. New York State Common Retirement Fund’s holdings in CrowdStrike were worth $41,999,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRWD. HB Wealth Management LLC raised its position in CrowdStrike by 22.3% in the third quarter. HB Wealth Management LLC now owns 1,726 shares of the company’s stock valued at $289,000 after purchasing an additional 315 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at about $277,000. DAVENPORT & Co LLC increased its stake in shares of CrowdStrike by 42.6% in the third quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after buying an additional 841 shares during the period. Founders Financial Securities LLC increased its stake in shares of CrowdStrike by 12.3% in the third quarter. Founders Financial Securities LLC now owns 1,580 shares of the company’s stock valued at $264,000 after buying an additional 173 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of CrowdStrike by 70.8% in the third quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock valued at $1,599,000 after buying an additional 3,960 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. Mizuho increased their price target on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Wedbush increased their price target on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Guggenheim increased their price target on CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group increased their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Raymond James initiated coverage on CrowdStrike in a research note on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price for the company. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the transaction, the director now directly owns 839,234 shares in the company, valued at $265,886,115.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock valued at $72,113,932 over the last ninety days. 5.68% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $297.62 on Thursday. The business’s fifty day simple moving average is $315.88 and its 200 day simple moving average is $267.07. The firm has a market capitalization of $71.99 billion, a P/E ratio of 826.75, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.