State of New Jersey Common Pension Fund D Purchases 822 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

State of New Jersey Common Pension Fund D boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,953 shares of the company’s stock after buying an additional 822 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of CrowdStrike worth $32,924,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRWD. Cigna Investments Inc. New grew its holdings in shares of CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares in the last quarter. Quent Capital LLC increased its holdings in shares of CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Advisory Resource Group raised its position in shares of CrowdStrike by 0.7% during the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock valued at $1,116,000 after buying an additional 49 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 23.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock valued at $65,000 after acquiring an additional 49 shares during the last quarter. Finally, Modus Advisors LLC grew its position in CrowdStrike by 1.7% in the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $6.05 during trading on Friday, hitting $304.07. 2,004,893 shares of the company’s stock were exchanged, compared to its average volume of 3,528,025. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 845.61, a PEG ratio of 11.90 and a beta of 1.05. The business has a 50-day simple moving average of $315.21 and a 200-day simple moving average of $267.28. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 18,747 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the sale, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President Michael Sentonas sold 18,747 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the transaction, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CRWD shares. Truist Financial increased their price target on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada increased their price target on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. TD Cowen boosted their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Finally, Guggenheim boosted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

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.