Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells 15,680 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the sale, the director now directly owns 36,906 shares of the company’s stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $481.73 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50 day simple moving average is $425.70 and its 200-day simple moving average is $391.11. The company has a market cap of $119.41 billion, a PE ratio of 944.59, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the business. Compass Financial Services Inc grew its stake in CrowdStrike by 36.2% during the 1st quarter. Compass Financial Services Inc now owns 192 shares of the company’s stock valued at $68,000 after acquiring an additional 51 shares in the last quarter. 1248 Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $246,000. Nova Wealth Management Inc. grew its position in shares of CrowdStrike by 12.5% in the first quarter. Nova Wealth Management Inc. now owns 405 shares of the company’s stock valued at $143,000 after purchasing an additional 45 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $206,000. Finally, Strs Ohio acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $62,872,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRWD. Citigroup restated an “outperform” rating on shares of CrowdStrike in a research note on Monday, May 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. DA Davidson lifted their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Royal Bank of Canada upped their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus raised their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $453.17.

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.