Mutual of America Capital Management LLC Has $13.25 Million Stock Position in CrowdStrike $CRWD

Mutual of America Capital Management LLC reduced its holdings in CrowdStrike (NASDAQ:CRWD) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,014 shares of the company’s stock after selling 1,546 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CrowdStrike were worth $13,247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $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% during the second 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 during the period. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 5.0% during the second 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 during the period. Laurel Wealth Advisors LLC grew its stake 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 valued at $2,186,714,000 after buying an additional 4,285,640 shares during the period. Finally, Norges Bank acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $1,638,365,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $468.33 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50-day moving average of $483.92 and a 200-day moving average of $477.83. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The company has a market cap of $118.07 billion, a P/E ratio of -371.69, a P/E/G ratio of 109.85 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRWD. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $621.00 price target on shares of CrowdStrike in a research note on Wednesday, December 3rd. Mizuho set a $540.00 target price on CrowdStrike in a research report on Thursday, January 8th. Citigroup lifted their price target on shares of CrowdStrike from $595.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of CrowdStrike in a report on Monday, December 1st. Finally, Susquehanna boosted their target price on shares of CrowdStrike from $530.00 to $600.00 and gave the stock a “positive” rating in a research report on Wednesday, December 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $555.21.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the transaction, the chief financial officer owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johanna Flower sold 3,000 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the transaction, the director owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This trade represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,048 shares of company stock valued at $34,509,857 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Company Profile

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.