New York State Common Retirement Fund Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New York State Common Retirement Fund cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,200 shares of the company’s stock after selling 19,162 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of CrowdStrike worth $72,978,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CRWD. International Assets Investment Management LLC boosted its holdings in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares during the period. Acadian Asset Management LLC boosted its stake in shares of CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CRWD shares. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. UBS Group lowered their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. The Goldman Sachs Group decreased their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Jefferies Financial Group upped their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 in the last quarter. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $303.13 on Friday. The company’s 50 day simple moving average is $284.85 and its 200-day simple moving average is $307.77. The firm has a market cap of $74.31 billion, a PE ratio of 439.32, a price-to-earnings-growth ratio of 20.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $178.35 and a 12-month high of $398.33. 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, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm posted $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS 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.