New Mexico Educational Retirement Board Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New Mexico Educational Retirement Board acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,600 shares of the company’s stock, valued at approximately $4,445,000.

A number of other hedge funds also recently made changes to their positions in CRWD. Asset Dedication LLC lifted its position in CrowdStrike by 230.2% in the 2nd quarter. Asset Dedication LLC now owns 535 shares of the company’s stock worth $205,000 after buying an additional 373 shares during the last quarter. Umpqua Bank raised its stake in shares of CrowdStrike by 2.0% during the second quarter. Umpqua Bank now owns 4,838 shares of the company’s stock worth $1,854,000 after acquiring an additional 96 shares in the last quarter. Norden Group LLC boosted its stake in shares of CrowdStrike by 6.8% in the 2nd quarter. Norden Group LLC now owns 1,034 shares of the company’s stock valued at $396,000 after purchasing an additional 66 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in shares of CrowdStrike by 24.9% during the 2nd quarter. Parcion Private Wealth LLC now owns 877 shares of the company’s stock valued at $336,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in CrowdStrike by 68.7% in the 2nd quarter. SRS Capital Advisors Inc. now owns 1,943 shares of the company’s stock worth $745,000 after purchasing an additional 791 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

CRWD stock opened at $246.39 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 1.90. The firm has a market capitalization of $59.96 billion, a price-to-earnings ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09. The firm has a 50 day moving average price of $289.69 and a 200-day moving average price of $315.77. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. KeyCorp cut their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Scotiabank decreased their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Argus decreased their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

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.