Golden State Wealth Management LLC Has $470,000 Holdings in CrowdStrike (NASDAQ:CRWD)

Golden State Wealth Management LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD) by 59.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,332 shares of the company’s stock after buying an additional 496 shares during the period. Golden State Wealth Management LLC’s holdings in CrowdStrike were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $649,000. Rothschild Investment LLC grew its stake in shares of CrowdStrike by 169.5% in the 4th quarter. Rothschild Investment LLC now owns 221 shares of the company’s stock valued at $76,000 after buying an additional 139 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of CrowdStrike by 82.5% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,651 shares of the company’s stock valued at $907,000 after buying an additional 1,198 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $213,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.3%

NASDAQ CRWD opened at $505.22 on Friday. The business has a 50 day simple moving average of $449.61 and a 200 day simple moving average of $400.24. CrowdStrike has a one year low of $200.81 and a one year high of $508.04. The stock has a market capitalization of $125.93 billion, a P/E ratio of -732.20 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) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. BTIG Research reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. DA Davidson upped their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $453.88.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares of the company’s stock, valued at $22,613,716.87. This represents a 13.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 2,227 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $1,049,362.40. Following the transaction, the chief accounting officer now owns 43,019 shares of the company’s stock, valued at $20,270,552.80. The trade was a 4.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 240,821 shares of company stock worth $108,501,609. 3.32% of the stock is owned by corporate 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.