Oregon Public Employees Retirement Fund Acquires 1,210 Shares of CrowdStrike (NASDAQ:CRWD)

Oregon Public Employees Retirement Fund lifted its holdings in CrowdStrike (NASDAQ:CRWD) by 6.1% in the first quarter, HoldingsChannel reports. The fund owned 21,165 shares of the company’s stock after buying an additional 1,210 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CrowdStrike were worth $7,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Investment Counsel Inc lifted its holdings in shares of CrowdStrike by 6.2% in the 1st quarter. Capital Investment Counsel Inc now owns 1,752 shares of the company’s stock worth $618,000 after acquiring an additional 102 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of CrowdStrike by 245.6% in the first quarter. Teacher Retirement System of Texas now owns 47,439 shares of the company’s stock worth $16,726,000 after buying an additional 33,712 shares during the period. Private Trust Co. NA increased its stake in shares of CrowdStrike by 16.5% in the first quarter. Private Trust Co. NA now owns 6,221 shares of the company’s stock worth $2,193,000 after buying an additional 882 shares during the period. Mainstream Capital Management LLC increased its stake in shares of CrowdStrike by 9.8% in the first quarter. Mainstream Capital Management LLC now owns 3,222 shares of the company’s stock worth $1,136,000 after buying an additional 288 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in shares of CrowdStrike by 266.9% in the first quarter. Moody Lynn & Lieberson LLC now owns 5,240 shares of the company’s stock worth $1,848,000 after buying an additional 3,812 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWD. JMP Securities reaffirmed a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Sanford C. Bernstein downgraded shares of CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a research note on Friday, June 6th. Roth Capital lifted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Susquehanna lifted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research note on Wednesday, June 4th. Finally, Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $453.88.

Insider Buying and Selling

In related news, President Michael Sentonas sold 11,527 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares of the company’s stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the completion of the sale, the chief financial officer directly owned 239,008 shares of the company’s stock, valued at $112,211,865.92. This represents a 4.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock worth $117,495,993 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $496.10 on Thursday. The firm’s 50 day moving average price is $459.69 and its 200-day moving average price is $404.06. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $516.62. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $123.65 billion, a PE ratio of -718.99 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

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.