CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells $1,437,906.39 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) insider Shawn Henry sold 8,713 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the transaction, the insider now owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shawn Henry also recently made the following trade(s):

  • On Tuesday, April 19th, Shawn Henry sold 20,839 shares of CrowdStrike stock. The stock was sold at an average price of $228.02, for a total transaction of $4,751,708.78.
  • On Tuesday, April 5th, Shawn Henry sold 20,000 shares of CrowdStrike stock. The stock was sold at an average price of $221.89, for a total transaction of $4,437,800.00.

Shares of NASDAQ CRWD traded up $9.19 during mid-day trading on Thursday, reaching $174.90. 4,335,489 shares of the company’s stock were exchanged, compared to its average volume of 5,034,421. The firm has a market capitalization of $40.59 billion, a price-to-earnings ratio of -220.85 and a beta of 1.46. CrowdStrike Holdings, Inc. has a 52 week low of $130.00 and a 52 week high of $298.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a 50-day moving average price of $174.61 and a two-hundred day moving average price of $187.11.

CrowdStrike (NASDAQ:CRWDGet Rating) last released its earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $487.83 million for the quarter, compared to analysts’ expectations of $464.35 million. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The business’s revenue for the quarter was up 61.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) EPS. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. JMP Securities reaffirmed a “buy” rating and set a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. Robert W. Baird raised their price objective on shares of CrowdStrike from $225.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, April 8th. Oppenheimer reduced their price objective on shares of CrowdStrike from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, June 3rd. Finally, Cowen reduced their price target on shares of CrowdStrike to $220.00 in a research report on Friday, June 3rd. Twenty-nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Buy” and a consensus target price of $251.38.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. bought a new stake in CrowdStrike in the 1st quarter valued at about $384,930,000. Norges Bank bought a new stake in CrowdStrike in the 4th quarter valued at about $348,527,000. Tiger Global Management LLC raised its stake in CrowdStrike by 16.9% in the 1st quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock valued at $2,000,306,000 after acquiring an additional 1,271,818 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $229,834,000. Finally, Clearbridge Investments LLC grew its holdings in CrowdStrike by 69.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after buying an additional 945,703 shares in the last quarter. Institutional investors own 63.02% of the company’s stock.

About CrowdStrike (Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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