New York State Teachers Retirement System Buys 1,438 Shares of CrowdStrike $CRWD

Key Points

• The New York State Teachers Retirement System increased its stake in CrowdStrike by 0.8%, owning a total of 193,086 shares valued at approximately $98.34 million as of its latest SEC filing.
• Analyst ratings on CrowdStrike are predominantly positive, with one Strong Buy, twenty-eight Buy, and average target prices fluctuating around $494.02.
• Recent insider trading includes significant stock sales by CrowdStrike’s president and CEO, reducing their respective stakes by 5.01% and 1.94% after selling shares for over $29 million.

New York State Teachers Retirement System lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,086 shares of the company's stock after purchasing an additional 1,438 shares during the quarter. New York State Teachers Retirement System owned 0.08% of CrowdStrike worth $98,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Brighton Jones LLC grew its holdings in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock valued at $1,087,000 after purchasing an additional 936 shares during the last quarter. Ritholtz Wealth Management boosted its position in CrowdStrike by 23.8% during the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock worth $1,348,000 after buying an additional 736 shares during the period. Sound Income Strategies LLC boosted its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $1,630,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRWD shares. Roth Capital reiterated a "buy" rating and set a $510.00 target price (up from $410.00) on shares of CrowdStrike in a research report on Thursday, September 18th. Piper Sandler cut their target price on shares of CrowdStrike from $505.00 to $450.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Capital One Financial lifted their target price on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. TD Cowen lifted their target price on shares of CrowdStrike from $500.00 to $580.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Finally, Morgan Stanley upped their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $494.02.

CrowdStrike Stock Up 0.0%

CrowdStrike stock opened at $489.02 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $517.98. The firm's fifty day moving average is $452.81 and its 200 day moving average is $446.60. The company has a market capitalization of $122.72 billion, a PE ratio of -410.94, a PEG ratio of 114.90 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $1.04 EPS. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. 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 predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 20,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president owned 379,116 shares in the company, valued at $189,558,000. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 42,267 shares of the business'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 owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,743 shares of company stock worth $74,348,319 over the last quarter. 3.32% of the stock is currently owned by insiders.

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.

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