State of Michigan Retirement System Acquires 900 Shares of CrowdStrike $CRWD

State of Michigan Retirement System grew its holdings in CrowdStrike (NASDAQ:CRWD) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,700 shares of the company’s stock after acquiring an additional 900 shares during the period. State of Michigan Retirement System’s holdings in CrowdStrike were worth $34,480,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRWD. Nuveen LLC bought a new position in CrowdStrike in the first quarter worth approximately $595,766,000. Jennison Associates LLC raised its position in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CrowdStrike by 52.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after acquiring an additional 955,529 shares during the period. Vanguard Group Inc. raised its position in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after acquiring an additional 908,554 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after acquiring an additional 760,222 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD opened at $543.01 on Friday. The stock has a market capitalization of $136.27 billion, a price-to-earnings ratio of -456.31, a PEG ratio of 127.60 and a beta of 1.19. The company has a fifty day moving average of $475.45 and a 200 day moving average of $461.40. CrowdStrike has a fifty-two week low of $294.68 and a fifty-two week high of $553.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on shares of CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, October 15th. Oppenheimer raised their price objective on shares of CrowdStrike from $520.00 to $560.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of CrowdStrike in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $505.78.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 42,267 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 156,840 shares of company stock valued at $75,350,186. Insiders own 3.32% of the company’s stock.

CrowdStrike Company 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.