CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $4,807,027.95 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 15,753 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CrowdStrike Stock Down 1.7 %

Shares of CrowdStrike stock opened at $312.55 on Wednesday. The stock has a 50-day simple moving average of $313.23 and a 200-day simple moving average of $275.18. CrowdStrike Holdings, Inc. has a 52-week low of $125.40 and a 52-week high of $365.00. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 868.22, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Jennison Associates LLC boosted its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Morgan Stanley grew its stake in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. increased its position in CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the period. Finally, Norges Bank acquired a new position in CrowdStrike during the 4th quarter valued at $683,336,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Guggenheim upped their price objective on CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wedbush lifted their target price on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, April 8th. Finally, Royal Bank of Canada raised their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Company 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.