Teacher Retirement System of Texas Sells 4,977 Shares of CrowdStrike $CRWD

Teacher Retirement System of Texas decreased its position in shares of CrowdStrike (NASDAQ:CRWD) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,454 shares of the company’s stock after selling 4,977 shares during the quarter. Teacher Retirement System of Texas’ holdings in CrowdStrike were worth $18,857,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after acquiring an additional 596,007 shares during the period. State Street Corp raised its holdings in shares of CrowdStrike by 3.6% in the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after purchasing an additional 370,965 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Finally, Norges Bank bought a new position in shares of CrowdStrike during the second quarter valued at approximately $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the sale, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,048 shares of company stock valued at $34,509,857. Company insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $452.49 on Friday. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The company has a market cap of $114.07 billion, a PE ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The business has a 50-day simple moving average of $485.15 and a two-hundred day simple moving average of $478.22.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. CrowdStrike’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. As a group, equities analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CRWD. HSBC boosted their price objective on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Citigroup boosted their price target on CrowdStrike from $595.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Bank of America raised their price objective on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, December 3rd. Finally, Stifel Nicolaus increased their price target on shares of CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Thirty-one research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $555.21.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.