Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $500,322.24 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CrowdStrike Price Performance

NASDAQ CRWD opened at $285.86 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $160.86 and a 52-week high of $398.33. The business has a 50 day simple moving average of $259.63 and a 200 day simple moving average of $311.17. The stock has a market cap of $69.57 billion, a price-to-earnings ratio of 539.36, a PEG ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CRWD shares. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Needham & Company LLC initiated coverage on CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. UBS Group lowered their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $326.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. TrinityPoint Wealth LLC acquired a new position in CrowdStrike during the fourth quarter worth $277,000. Corient Private Wealth LLC grew its holdings in shares of CrowdStrike by 9.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,849 shares of the company’s stock valued at $5,834,000 after acquiring an additional 1,890 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $349,000. Congress Wealth Management LLC DE raised its holdings in CrowdStrike by 23.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,784 shares of the company’s stock worth $966,000 after acquiring an additional 724 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in CrowdStrike during the fourth quarter valued at approximately $31,000. 71.16% of the stock is currently owned by institutional investors.

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.