Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells 30,000 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report) Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CrowdStrike Stock Performance

CRWD opened at $346.80 on Tuesday. The company has a market cap of $85.01 billion, a price-to-earnings ratio of 680.01, a PEG ratio of 25.05 and a beta of 1.10. The company’s fifty day moving average price is $315.80 and its two-hundred day moving average price is $312.87. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.80 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 EPS. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC grew its position in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Truist Financial lifted their price target on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Morgan Stanley lifted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Rosenblatt Securities increased their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Barclays boosted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $355.80.

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CrowdStrike Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CrowdStrike (NASDAQ:CRWD)

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