California Public Employees Retirement System Has $201.94 Million Stock Holdings in CrowdStrike $CRWD

California Public Employees Retirement System lifted its holdings in CrowdStrike (NASDAQ:CRWD) by 12.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 396,493 shares of the company’s stock after purchasing an additional 43,686 shares during the quarter. California Public Employees Retirement System’s holdings in CrowdStrike were worth $201,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC increased its position in 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 acquiring an additional 4,285,640 shares in the last quarter. Norges Bank bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $1,638,365,000. Nuveen LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $595,766,000. Vestor Capital LLC increased its holdings in shares of CrowdStrike by 269,840.3% in the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock valued at $497,690,000 after purchasing an additional 976,822 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after purchasing an additional 955,529 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO George Kurtz sold 6,975 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the sale, the chief executive officer owned 2,108,082 shares of the company’s stock, valued at approximately $1,159,213,210.98. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 1,957 shares of CrowdStrike stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.41, for a total value of $1,077,152.37. Following the transaction, the chief financial officer owned 218,467 shares in the company, valued at approximately $120,246,421.47. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 110,372 shares of company stock valued at $55,996,956. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America increased 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. BMO Capital Markets upped their price target on CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Daiwa Capital Markets lifted their price objective on CrowdStrike from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Wells Fargo & Company boosted their price objective on CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Finally, Citizens Jmp restated a “market outperform” rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $553.26.

CrowdStrike Price Performance

CrowdStrike stock opened at $512.03 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $128.50 billion, a P/E ratio of -406.37, a PEG ratio of 123.94 and a beta of 1.09. The business has a 50-day moving average of $515.01 and a 200-day moving average of $480.06. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.96 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.93 EPS. CrowdStrike’s revenue for the quarter was up 21.8% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

About CrowdStrike

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.