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

New Mexico Educational Retirement Board decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,000 shares of the company’s stock after selling 300 shares during the period. New Mexico Educational Retirement Board’s holdings in CrowdStrike were worth $3,764,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter worth about $27,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.4 %

Shares of NASDAQ CRWD opened at $451.74 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $454.13. The firm has a market capitalization of $111.27 billion, a PE ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The firm has a fifty day simple moving average of $376.70 and a two-hundred day simple moving average of $322.24.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Piper Sandler boosted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Buying and Selling

In related news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,565 shares of company stock worth $49,235,849 in the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Company 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.