Maryland State Retirement & Pension System Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Maryland State Retirement & Pension System raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,609 shares of the company’s stock after buying an additional 535 shares during the period. Maryland State Retirement & Pension System’s holdings in CrowdStrike were worth $4,241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC boosted its holdings in CrowdStrike by 9.1% during the third quarter. Chevy Chase Trust Holdings LLC now owns 3,346 shares of the company’s stock worth $560,000 after buying an additional 280 shares in the last quarter. Brown Advisory Inc. increased its position in shares of CrowdStrike by 8.8% during the third quarter. Brown Advisory Inc. now owns 94,638 shares of the company’s stock worth $15,841,000 after purchasing an additional 7,669 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of CrowdStrike by 22.8% during the 3rd quarter. Lindbrook Capital LLC now owns 699 shares of the company’s stock worth $117,000 after acquiring an additional 130 shares during the period. Verdence Capital Advisors LLC raised its stake in CrowdStrike by 12.8% during the third quarter. Verdence Capital Advisors LLC now owns 3,263 shares of the company’s stock worth $546,000 after purchasing an additional 371 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in CrowdStrike by 92.9% in the 3rd quarter. Mackenzie Financial Corp now owns 38,880 shares of the company’s stock valued at $6,300,000 after purchasing an additional 18,728 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWD. Mizuho raised their target price on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. HSBC boosted their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer increased their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Scotiabank boosted their target price on CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 6th. Finally, Susquehanna lifted their price objective on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Trading Down 0.6 %

NASDAQ CRWD traded down $2.01 on Tuesday, hitting $315.80. 2,413,607 shares of the stock were exchanged, compared to its average volume of 3,464,762. The company’s 50-day moving average price is $313.41 and its two-hundred day moving average price is $274.24. The company has a market capitalization of $76.38 billion, a price-to-earnings ratio of 874.86, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a 52-week low of $125.40 and a 52-week high of $365.00.

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

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 26,097 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the sale, the chief financial officer now directly owns 347,792 shares in the company, valued at $113,244,553.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 295,576 shares of company stock worth $94,052,850. 5.68% of the stock is currently owned by company insiders.

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.