Retirement Systems of Alabama Grows Holdings in CrowdStrike (NASDAQ:CRWD)

Retirement Systems of Alabama boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,930 shares of the company's stock after acquiring an additional 2,544 shares during the quarter. Retirement Systems of Alabama's holdings in CrowdStrike were worth $18,662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at $2,166,000. OLD National Bancorp IN bought a new stake in shares of CrowdStrike in the 1st quarter valued at $248,000. Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Delta Financial Group Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at $336,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank upped their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. BMO Capital Markets boosted their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Mizuho boosted their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Price Performance

Shares of CRWD stock traded down $8.86 during trading hours on Friday, reaching $476.30. The stock had a trading volume of 5,177,773 shares, compared to its average volume of 4,807,187. The stock's fifty day simple moving average is $440.62 and its 200 day simple moving average is $397.05. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $493.20. The firm has a market capitalization of $118.72 billion, a PE ratio of -690.29 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 for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $8,828,302.50. The trade was a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,748 shares of company stock valued at $89,478,971. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Profile

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.