CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% in the second quarter, Holdings Channel.com reports. The fund owned 31,969 shares of the company’s stock after selling 900 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CrowdStrike were worth $12,250,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRWD. Quadrant Capital Group LLC lifted its position in shares of CrowdStrike by 110.0% during the 4th quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after acquiring an additional 198 shares during the last quarter. TrinityPoint Wealth LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $277,000. Corient Private Wealth LLC boosted its position in shares of CrowdStrike by 9.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,849 shares of the company’s stock valued at $5,834,000 after purchasing an additional 1,890 shares during the period. CreativeOne Wealth LLC acquired a new stake in CrowdStrike during the 4th quarter worth about $217,000. Finally, Assetmark Inc. lifted its stake in CrowdStrike by 8.4% during the fourth quarter. Assetmark Inc. now owns 4,777 shares of the company’s stock valued at $1,220,000 after buying an additional 369 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRWD. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Citigroup decreased their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Jefferies Financial Group dropped their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $327.03.

CrowdStrike Trading Up 8.1 %

NASDAQ:CRWD opened at $299.85 on Friday. The firm has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The business’s 50-day moving average price is $265.90 and its two-hundred day moving average price is $312.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

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.