South Dakota Investment Council Decreases Stake in CrowdStrike (NASDAQ:CRWD)

South Dakota Investment Council reduced its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700 shares of the company's stock after selling 600 shares during the period. South Dakota Investment Council's holdings in CrowdStrike were worth $247,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 valued at $27,000 after buying an additional 58 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.0%

NASDAQ CRWD traded up $0.20 during mid-day trading on Thursday, reaching $461.72. 1,427,424 shares of the stock were exchanged, compared to its average volume of 3,829,160. The stock has a 50 day simple moving average of $476.71 and a 200-day simple moving average of $417.30. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The stock has a market cap of $115.08 billion, a P/E ratio of -669.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

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, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stifel Nicolaus raised their price target on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stephens raised their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald raised their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 11,527 shares of the business's stock in a transaction dated 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 sale, the president directly owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 241,820 shares of company stock valued at $113,297,985 over the last quarter. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Company 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.