Principal Financial Group Inc. Has $99.56 Million Position in CrowdStrike (NASDAQ:CRWD)

Principal Financial Group Inc. grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,370 shares of the company's stock after purchasing an additional 10,290 shares during the period. Principal Financial Group Inc. owned about 0.11% of CrowdStrike worth $99,558,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its stake in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. increased its holdings in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Oppenheimer upped their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial restated an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Susquehanna upped their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Finally, Evercore ISI reissued an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $513.77 on Friday. The stock's fifty day simple moving average is $463.46 and its 200 day simple moving average is $405.87. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total value of $8,370,290.50. Following the transaction, the chief executive officer owned 2,175,154 shares of the company's stock, valued at approximately $1,038,897,053.48. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the transaction, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,571 shares of company stock worth $115,469,993 in the last quarter. Company insiders own 3.32% of the company's stock.

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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.