Arizona State Retirement System Has $25.46 Million Position in CrowdStrike (NASDAQ:CRWD)

Arizona State Retirement System increased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,217 shares of the company's stock after buying an additional 5,205 shares during the period. Arizona State Retirement System's holdings in CrowdStrike were worth $25,462,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. FSA Wealth Management LLC increased its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the period. Stratos Wealth Advisors LLC increased its holdings in shares of CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after buying an additional 26 shares during the period. Stratos Investment Management LLC raised its position in CrowdStrike by 0.9% during the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after purchasing an additional 27 shares during the last quarter. Finally, American Financial Advisors LLC raised its position in CrowdStrike by 2.9% during the 1st quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock valued at $355,000 after purchasing an additional 28 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cfra reaffirmed a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Truist Financial reaffirmed a "buy" rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $456.29.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the sale, the director directly owned 781,011 shares of the company's stock, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock valued at $118,672,681. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $478.45 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $470.20 and its two-hundred day simple moving average is $410.72. The stock has a market cap of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal 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.

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