Insider Selling: CrowdStrike (NASDAQ:CRWD) Director Sells 9,447 Shares of Stock

CrowdStrike (NASDAQ:CRWD) Director Roxanne S. Austin sold 9,447 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CrowdStrike Stock Performance

CRWD stock opened at $513.77 on Friday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16. The business’s 50-day moving average price is $461.68 and its two-hundred day moving average price is $404.93.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.93 EPS. CrowdStrike’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of CrowdStrike by 8.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,429 shares of the company’s stock valued at $831,000 after purchasing an additional 199 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of CrowdStrike by 38.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the company’s stock worth $362,000 after buying an additional 289 shares during the period. Norden Group LLC grew its holdings in shares of CrowdStrike by 8.6% during the fourth quarter. Norden Group LLC now owns 1,458 shares of the company’s stock worth $499,000 after buying an additional 116 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of CrowdStrike by 41.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,118 shares of the company’s stock worth $382,000 after buying an additional 329 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. Sanford C. Bernstein lowered CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price for the company. in a research note on Friday, June 6th. Stifel Nicolaus upped their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. JMP Securities reissued a “market outperform” rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $453.88.

About CrowdStrike

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.