Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells $1,636,800.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 5,500 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.60, for a total value of $1,636,800.00. Following the sale, the insider now directly owns 169,091 shares of the company’s stock, valued at $50,321,481.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shawn Henry also recently made the following trade(s):

• On Monday, September 16th, Shawn Henry sold 4,500 shares of CrowdStrike stock. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00.
• On Thursday, August 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00.
• On Monday, July 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00.

CrowdStrike Stock Up 1.6 %

NASDAQ:CRWD opened at $285.86 on Friday. The company has a market cap of $69.57 billion, a PE ratio of 539.36, a PEG ratio of 19.60 and a beta of 1.09. The stock has a 50-day simple moving average of $259.63 and a 200 day simple moving average of $311.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $160.86 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRWD. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a research report on Friday, August 9th. Susquehanna reissued a “positive” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $326.50.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently modified their holdings of the business. Pathstone Holdings LLC bought a new stake in CrowdStrike during the fourth quarter worth about $450,418,000. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares in the last quarter. Acadian Asset Management LLC increased its holdings in CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in CrowdStrike during the fourth quarter worth $100,459,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.