George Kurtz Sells 43,830 Shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) Stock

Crowdstrike Holdings Inc (NASDAQ:CRWD) CEO George Kurtz sold 43,830 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $50.09, for a total value of $2,195,444.70. Following the transaction, the chief executive officer now directly owns 57,510 shares of the company’s stock, valued at approximately $2,880,675.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

George Kurtz also recently made the following trade(s):

  • On Monday, March 23rd, George Kurtz sold 57,510 shares of Crowdstrike stock. The shares were sold at an average price of $46.69, for a total transaction of $2,685,141.90.
  • On Monday, March 9th, George Kurtz sold 64,722 shares of Crowdstrike stock. The shares were sold at an average price of $46.83, for a total transaction of $3,030,931.26.
  • On Monday, February 10th, George Kurtz sold 138,820 shares of Crowdstrike stock. The stock was sold at an average price of $62.73, for a total transaction of $8,708,178.60.
  • On Thursday, January 16th, George Kurtz sold 2,344 shares of Crowdstrike stock. The shares were sold at an average price of $62.52, for a total transaction of $146,546.88.
  • On Monday, January 13th, George Kurtz sold 2,344 shares of Crowdstrike stock. The shares were sold at an average price of $59.50, for a total transaction of $139,468.00.
  • On Thursday, January 9th, George Kurtz sold 141,164 shares of Crowdstrike stock. The stock was sold at an average price of $56.28, for a total transaction of $7,944,709.92.
  • On Monday, January 6th, George Kurtz sold 2,344 shares of Crowdstrike stock. The shares were sold at an average price of $53.50, for a total value of $125,404.00.

Shares of Crowdstrike stock traded up $2.55 during trading on Thursday, reaching $58.33. 1,699,101 shares of the company traded hands, compared to its average volume of 5,983,794. The firm has a market capitalization of $11.78 billion and a PE ratio of -46.30. Crowdstrike Holdings Inc has a 1-year low of $31.95 and a 1-year high of $101.88. The company has a 50 day moving average price of $55.30 and a 200-day moving average price of $56.02.

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

Several research firms recently weighed in on CRWD. Robert W. Baird reissued a “hold” rating and set a $57.00 price objective (up previously from $53.00) on shares of Crowdstrike in a report on Friday, March 20th. Nomura increased their target price on Crowdstrike from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada raised Crowdstrike from a “sector perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a research note on Monday, March 16th. Credit Suisse Group boosted their price target on Crowdstrike from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, BidaskClub raised Crowdstrike from a “sell” rating to a “hold” rating in a research note on Friday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the company. Crowdstrike presently has a consensus rating of “Buy” and an average price target of $74.38.

Large investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Crowdstrike in the 4th quarter worth $4,713,000. Geode Capital Management LLC lifted its stake in shares of Crowdstrike by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 164,617 shares of the company’s stock valued at $8,209,000 after buying an additional 3,290 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Crowdstrike by 312.1% in the fourth quarter. Bamco Inc. NY now owns 100,462 shares of the company’s stock valued at $5,010,000 after buying an additional 76,085 shares in the last quarter. Partners Group Holding AG acquired a new position in shares of Crowdstrike during the fourth quarter valued at about $6,915,000. Finally, Bullseye Asset Management LLC acquired a new position in shares of Crowdstrike during the fourth quarter valued at about $524,000. 39.92% of the stock is currently owned by institutional investors.

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