Burt W. Podbere Sells 11,883 Shares of CrowdStrike (NASDAQ:CRWD) Stock

Key Points

• Burt W. Podbere, the CFO of CrowdStrike, sold 11,883 shares of the company's stock for approximately $5.41 million, reducing his holding by 4.89% to 231,130 shares valued at around $105.27 million.
• Following the stock transaction, CrowdStrike's shares saw a 2.3% increase, trading at $451.69 with a market capitalization of $112.58 billion.
• Analysts have raised their price targets for CrowdStrike, with Wedbush increasing theirs to $525 and Needham & Company raising theirs to $530, indicating a positive outlook on the company's stock performance.

CrowdStrike (NASDAQ:CRWD - Get Free Report) CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CrowdStrike Trading Up 2.3%

CrowdStrike stock traded up $9.94 during trading hours on Wednesday, reaching $451.69. 2,030,984 shares of the company's stock traded hands, compared to its average volume of 2,633,956. The firm has a market capitalization of $112.58 billion, a price-to-earnings ratio of 11,043.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a fifty-two week low of $229.72 and a fifty-two week high of $517.98. The firm's 50 day moving average is $478.89 and its 200-day moving average is $424.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. On average, analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRWD shares. Wedbush increased their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Needham & Company LLC increased their price target on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Macquarie assumed coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 price objective for the company. Rosenblatt Securities raised their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRWD. Cloud Capital Management LLC bought a new position in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. Vision Financial Markets LLC bought a new position in CrowdStrike during the 1st quarter worth approximately $26,000. AlphaQuest LLC acquired a new position in CrowdStrike during the second quarter valued at approximately $26,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

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.

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