Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $5,703,150.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CrowdStrike Stock Up 0.6 %

Shares of NASDAQ CRWD opened at $387.18 on Friday. The company has a market capitalization of $94.22 billion, a P/E ratio of 730.54, a price-to-earnings-growth ratio of 19.41 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50 day moving average price is $347.10 and its 200-day moving average price is $316.72.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. BTIG Research decreased their price target on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. KeyCorp upped their price target on shares of CrowdStrike from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Oppenheimer increased their price objective on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Finally, Wedbush reduced their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $382.35.

Institutional Trading of CrowdStrike

Several hedge funds have recently modified their holdings of CRWD. Bank of Nova Scotia increased its stake in shares of CrowdStrike by 123.1% in the 3rd quarter. Bank of Nova Scotia now owns 17,379 shares of the company’s stock valued at $2,909,000 after acquiring an additional 9,589 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CrowdStrike by 46.0% in the 3rd quarter. AQR Capital Management LLC now owns 134,587 shares of the company’s stock valued at $22,527,000 after acquiring an additional 42,379 shares in the last quarter. Truist Financial Corp increased its stake in shares of CrowdStrike by 16.2% in the 3rd quarter. Truist Financial Corp now owns 109,252 shares of the company’s stock valued at $18,287,000 after acquiring an additional 15,255 shares in the last quarter. Ameriprise Financial Inc. increased its stake in CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after purchasing an additional 419,619 shares in the last quarter. Finally, EULAV Asset Management increased its stake in CrowdStrike by 32.0% during the 3rd quarter. EULAV Asset Management now owns 66,011 shares of the company’s stock valued at $11,049,000 after purchasing an additional 16,011 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.