Sameer K. Gandhi Sells 15,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ CRWD traded down $7.10 on Tuesday, hitting $385.05. The company had a trading volume of 3,241,253 shares, compared to its average volume of 4,175,308. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $394.64. The firm has a market capitalization of $93.71 billion, a P/E ratio of 728.39, a PEG ratio of 19.31 and a beta of 1.10. The business has a 50 day moving average of $343.61 and a two-hundred day moving average of $315.35.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Scotiabank reduced their target price on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 5th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. Oppenheimer increased their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $425.00 target price on shares of CrowdStrike in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $382.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CRWD. Modus Advisors LLC raised its position in shares of CrowdStrike by 1.1% during the 2nd quarter. Modus Advisors LLC now owns 4,251 shares of the company’s stock valued at $1,629,000 after acquiring an additional 48 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in CrowdStrike by 4.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 20,437 shares of the company’s stock worth $7,831,000 after acquiring an additional 951 shares during the period. First Hawaiian Bank boosted its stake in CrowdStrike by 10.9% in the second quarter. First Hawaiian Bank now owns 3,853 shares of the company’s stock valued at $1,476,000 after acquiring an additional 380 shares during the period. GAMMA Investing LLC raised its position in shares of CrowdStrike by 134.4% during the 2nd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock worth $253,000 after purchasing an additional 379 shares during the period. Finally, Davis Capital Management acquired a new position in CrowdStrike during the 2nd quarter valued at approximately $129,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.