Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells 1,683 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CrowdStrike Trading Down 1.7 %

CrowdStrike stock opened at $281.48 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. The business’s 50-day simple moving average is $261.24 and its 200-day simple moving average is $311.60. The firm has a market capitalization of $69.00 billion, a PE ratio of 531.10, a PEG ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $160.67 and a 52 week high of $398.33.

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

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth about $25,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at about $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike during the second quarter valued at about $33,000. Unique Wealth Strategies LLC bought a new position in CrowdStrike during the second quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter valued at about $30,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CRWD. UBS Group reduced their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Stifel Nicolaus reduced their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group increased their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC began coverage on CrowdStrike in a report on Monday. They issued a “buy” rating and a $360.00 target price for the company. One equities research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.50.

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.