State of New Jersey Common Pension Fund D Acquires 857 Shares of CrowdStrike $CRWD

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in CrowdStrike by 1.0%, owning a total of 83,451 shares valued at approximately $42.5 million.
• Multiple institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their holdings in CrowdStrike, reflecting strong institutional interest in the stock.
• Analysts have upgraded their price targets for CrowdStrike, with estimates rising to as high as $600, reflecting positive sentiment towards the company's performance and prospects.

State of New Jersey Common Pension Fund D lifted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,451 shares of the company's stock after buying an additional 857 shares during the period. State of New Jersey Common Pension Fund D's holdings in CrowdStrike were worth $42,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Nuveen LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth $595,766,000. Jennison Associates LLC lifted its position in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CrowdStrike by 52.6% during 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 valued at $977,149,000 after purchasing an additional 955,529 shares in the last quarter. Vanguard Group Inc. lifted its position in CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after purchasing an additional 760,222 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. KeyCorp lifted their target price on CrowdStrike from $495.00 to $510.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. New Street Research set a $460.00 price objective on CrowdStrike in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on CrowdStrike from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. Finally, TD Cowen boosted their price objective on CrowdStrike from $500.00 to $580.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $496.47.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer directly owned 2,115,057 shares of the company's stock, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,762 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $482.41, for a total value of $850,006.42. Following the transaction, the chief accounting officer directly owned 37,255 shares in the company, valued at approximately $17,972,184.55. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,090 shares of company stock valued at $75,500,649 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 1.0%

Shares of CRWD stock opened at $527.32 on Friday. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $535.52. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average price is $463.35 and its 200-day moving average price is $454.32. The stock has a market capitalization of $132.34 billion, a price-to-earnings ratio of -443.12, a price-to-earnings-growth ratio of 122.66 and a beta of 1.19.

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

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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