Teachers Retirement System of The State of Kentucky Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 33,380 shares of the company's stock, valued at approximately $11,770,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Jennison Associates LLC increased its stake in shares of 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 buying an additional 1,144,295 shares during the period. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, Northern Trust Corp boosted its holdings in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD opened at $475.96 on Monday. The firm has a fifty day simple moving average of $474.54 and a two-hundred day simple moving average of $415.76. The firm has a market cap of $118.63 billion, a PE ratio of -689.80 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer owned 249,653 shares of the company's stock, valued at $109,068,402.64. The trade was a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,320 shares of company stock worth $117,592,485. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. JMP Securities restated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Jefferies Financial Group increased their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. 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, July 14th. Finally, Evercore ISI reiterated an "in-line" rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $460.93.

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.

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