Illinois Municipal Retirement Fund Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)


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Illinois Municipal Retirement Fund purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,909 shares of the company’s stock, valued at approximately $3,086,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CRWD. BlackRock Inc. increased its holdings in CrowdStrike by 22.3% during the 4th quarter. BlackRock Inc. now owns 11,177,166 shares of the company’s stock worth $2,367,547,000 after acquiring an additional 2,040,216 shares during the period. Norges Bank bought a new stake in CrowdStrike during the 4th quarter worth approximately $304,125,000. Morgan Stanley increased its holdings in CrowdStrike by 121.6% during the 4th quarter. Morgan Stanley now owns 1,575,128 shares of the company’s stock worth $333,645,000 after acquiring an additional 864,482 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 9.3% during the 4th quarter. Jennison Associates LLC now owns 6,710,828 shares of the company’s stock worth $1,421,488,000 after acquiring an additional 569,769 shares during the period. Finally, Scge Management L.P. increased its holdings in CrowdStrike by 47.9% during the 4th quarter. Scge Management L.P. now owns 1,450,000 shares of the company’s stock worth $307,139,000 after acquiring an additional 469,870 shares during the period. 60.00% of the stock is currently owned by institutional investors.

In related news, insider Shawn Henry sold 7,000 shares of the company’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $248.54, for a total value of $1,739,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Abhishek Maheshwari sold 2,385 shares of the company’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $191.90, for a total transaction of $457,681.50. The disclosure for this sale can be found here. Insiders have sold 367,933 shares of company stock valued at $75,881,051 over the last ninety days. 11.32% of the stock is owned by insiders.

CrowdStrike stock opened at $205.12 on Tuesday. The stock has a market cap of $45.92 billion, a P/E ratio of -427.32 and a beta of 1.32. CrowdStrike Holdings, Inc. has a 1 year low of $67.81 and a 1 year high of $251.28. The firm’s 50 day moving average price is $200.39 and its 200-day moving average price is $191.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Monday, March 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. CrowdStrike had a negative net margin of 13.40% and a negative return on equity of 12.79%. The company had revenue of $264.90 million for the quarter, compared to analysts’ expectations of $250.56 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. CrowdStrike’s quarterly revenue was up 74.2% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

CRWD has been the topic of a number of research analyst reports. Barclays increased their price target on shares of CrowdStrike from $193.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, January 6th. Zacks Investment Research cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $218.00 price objective for the company. in a research note on Thursday, March 18th. Truist increased their price target on shares of CrowdStrike from $200.00 to $250.00 in a research report on Wednesday, January 27th. Needham & Company LLC upped their price objective on shares of CrowdStrike from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, March 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, April 15th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. CrowdStrike presently has an average rating of “Buy” and an average target price of $232.26.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

Further Reading: Dividend Yield

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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