Crowdstrike Holdings Inc (NASDAQ:CRWD) CFO Burt W. Podbere Sells 1,349 Shares

Crowdstrike Holdings Inc (NASDAQ:CRWD) CFO Burt W. Podbere sold 1,349 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $46.65, for a total value of $62,930.85. Following the completion of the transaction, the chief financial officer now owns 10,823 shares of the company’s stock, valued at approximately $504,892.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of CRWD traded up $2.20 during midday trading on Thursday, reaching $57.98. 2,145,837 shares of the stock were exchanged, compared to its average volume of 5,983,794. Crowdstrike Holdings Inc has a 12-month low of $31.95 and a 12-month high of $101.88. The firm has a 50 day simple moving average of $55.30 and a 200-day simple moving average of $56.02. The company has a market cap of $11.78 billion and a price-to-earnings ratio of -46.02.

Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. Crowdstrike had a negative return on equity of 33.49% and a negative net margin of 29.45%. The company had revenue of $152.10 million during the quarter, compared to the consensus estimate of $137.80 million. Crowdstrike’s revenue for the quarter was up 88.9% compared to the same quarter last year. As a group, sell-side analysts predict that Crowdstrike Holdings Inc will post -0.5 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in Crowdstrike in the 4th quarter valued at approximately $4,713,000. Advisory Services Network LLC acquired a new stake in Crowdstrike in the 4th quarter valued at approximately $82,000. DekaBank Deutsche Girozentrale acquired a new stake in Crowdstrike in the 4th quarter valued at approximately $96,000. Rockefeller Capital Management L.P. acquired a new stake in Crowdstrike in the 4th quarter valued at approximately $100,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Crowdstrike during the 4th quarter worth approximately $103,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on CRWD. Zacks Investment Research upgraded Crowdstrike from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, March 16th. DA Davidson increased their price target on Crowdstrike from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Royal Bank of Canada raised Crowdstrike from a “sector perform” rating to an “outperform” rating and set a $67.00 price objective for the company in a research note on Monday, March 16th. Barclays reissued a “buy” rating and issued a $60.00 price objective on shares of Crowdstrike in a research note on Sunday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $92.00 price objective on shares of Crowdstrike in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $74.38.

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Insider Buying and Selling by Quarter for Crowdstrike (NASDAQ:CRWD)

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