State of Alaska Department of Revenue Decreases Holdings in CrowdStrike $CRWD

Key Points

• The State of Alaska Department of Revenue decreased its stake in CrowdStrike by 3.0%, owning 27,991 shares worth approximately $14.26 million after selling 875 shares in the last quarter.
• Despite the decrease in holdings by some investors, several institutions, including Patron Partners LLC and Real Talk Capital LLC, increased their positions in CrowdStrike during the 2nd quarter.
• Analysts have issued mixed ratings on CrowdStrike, with target prices ranging from $343.00 to $515.00, reflecting a general view of growth potential in the cybersecurity sector.

State of Alaska Department of Revenue decreased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,991 shares of the company's stock after selling 875 shares during the quarter. State of Alaska Department of Revenue's holdings in CrowdStrike were worth $14,256,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRWD. Patron Partners LLC lifted its stake in CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after buying an additional 22 shares in the last quarter. Real Talk Capital LLC lifted its stake in CrowdStrike by 0.9% in the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after buying an additional 24 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares in the last quarter. Close Asset Management Ltd lifted its stake in CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after buying an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. lifted its stake in CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Barclays upped their target price on CrowdStrike from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Morgan Stanley upped their target price on CrowdStrike from $460.00 to $475.00 and gave the company an "equal weight" rating in a research note on Thursday, September 18th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $490.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. Roth Capital reaffirmed a "buy" rating and issued a $510.00 target price (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, Sanford C. Bernstein reduced their price target on CrowdStrike from $371.00 to $343.00 and set a "market perform" rating on the stock in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $483.79.

CrowdStrike Trading Up 1.8%

Shares of CrowdStrike stock opened at $481.42 on Friday. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98. The firm has a market cap of $120.82 billion, a PE ratio of -404.55, a P/E/G ratio of 111.17 and a beta of 1.12. The business's fifty day moving average is $443.79 and its two-hundred day moving average is $434.70. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 11,561 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the sale, the president directly owned 399,116 shares in the company, valued at $197,837,810.04. This represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 10,706 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares of the company's stock, valued at approximately $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,066 shares of company stock worth $60,934,078. 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.

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