State of Alaska Department of Revenue Raises Stake in CrowdStrike (NASDAQ:CRWD)

State of Alaska Department of Revenue increased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,866 shares of the company's stock after acquiring an additional 2,331 shares during the quarter. State of Alaska Department of Revenue's holdings in CrowdStrike were worth $10,177,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares during the period. Allworth Financial LP increased its holdings in CrowdStrike by 33.1% in the 4th quarter. Allworth Financial LP now owns 4,910 shares of the company's stock valued at $1,856,000 after buying an additional 1,222 shares during the period. Principal Financial Group Inc. increased its holdings in CrowdStrike by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 272,080 shares of the company's stock valued at $93,095,000 after buying an additional 2,603 shares during the period. Empower Advisory Group LLC increased its holdings in CrowdStrike by 5.3% in the 4th quarter. Empower Advisory Group LLC now owns 4,174 shares of the company's stock valued at $1,428,000 after buying an additional 210 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in CrowdStrike by 2.9% in the 4th quarter. D.A. Davidson & CO. now owns 37,910 shares of the company's stock valued at $12,971,000 after buying an additional 1,052 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company's stock, valued at approximately $14,425,500. The trade was a 25.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,748 shares of company stock worth $89,478,971. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Trading Down 1.8%

Shares of NASDAQ:CRWD traded down $8.86 during mid-day trading on Friday, hitting $476.30. The company had a trading volume of 5,177,773 shares, compared to its average volume of 5,005,101. The company has a market capitalization of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16. The firm has a fifty day moving average price of $438.65 and a 200 day moving average price of $395.73. 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 has a one year low of $200.81 and a one year high of $493.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business 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%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRWD shares. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays set a $500.00 price target on shares of CrowdStrike in a research note on Tuesday, June 3rd. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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.