New York State Common Retirement Fund Has $93.93 Million Stake in CrowdStrike (NASDAQ:CRWD)

New York State Common Retirement Fund cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,400 shares of the company's stock after selling 9,200 shares during the period. New York State Common Retirement Fund owned 0.11% of CrowdStrike worth $93,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC lifted its holdings in CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CRWD stock traded down $2.90 during trading hours on Tuesday, reaching $473.28. The stock had a trading volume of 2,525,884 shares, compared to its average volume of 4,770,234. The stock has a market capitalization of $117.97 billion, a PE ratio of -685.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50-day simple moving average of $470.85 and a 200 day simple moving average of $412.20. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. Analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley restated an "equal weight" rating and issued a $495.00 price objective (up from $490.00) on shares of CrowdStrike in a report on Monday. Wedbush increased their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, BMO Capital Markets upped their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $456.40.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer owned 41,251 shares in the company, valued at approximately $20,286,004.27. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 253,221 shares of company stock worth $117,687,463 in the last quarter. 3.32% of the stock is owned by corporate 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.