Golden State Wealth Management LLC Boosts Holdings in CrowdStrike (NASDAQ:CRWD)

Golden State Wealth Management LLC grew its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 59.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,332 shares of the company's stock after acquiring an additional 496 shares during the quarter. Golden State Wealth Management LLC's holdings in CrowdStrike were worth $470,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. FSA Wealth Management LLC raised its stake in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC grew its position in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC raised its position in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC lifted its stake in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $5.89 during trading on Friday, reaching $499.33. The company had a trading volume of 3,464,614 shares, compared to its average volume of 4,792,600. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $508.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock's fifty day moving average price is $449.61 and its 200 day moving average price is $400.24. The firm has a market capitalization of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRWD. Mizuho boosted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Truist Financial reaffirmed a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a report on Friday, June 6th. Finally, Evercore ISI restated an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

Insiders Place Their Bets

In other news, Director Gerhard Watzinger sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the sale, the director now owns 62,891 shares of the company's stock, valued at $22,613,716.87. The trade was a 13.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now directly owns 422,204 shares of the company's stock, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 240,821 shares of company stock worth $108,501,609. 3.32% of the stock is owned by corporate insiders.

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.