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 company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CrowdStrike Trading Down 0.1%

Shares of CrowdStrike stock traded down $0.51 during mid-day trading on Friday, hitting $424.49. The stock had a trading volume of 3,626,057 shares, compared to its average volume of 2,718,355. The firm has a 50-day moving average of $477.04 and a two-hundred day moving average of $425.17. The firm has a market cap of $105.80 billion, a P/E ratio of -615.20 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $235.60 and a 12-month high of $517.98.

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

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the business. Nuveen LLC acquired a new stake in shares of CrowdStrike during the first quarter valued at about $595,766,000. Jennison Associates LLC increased its holdings in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC increased its holdings in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CrowdStrike by 52.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after buying an additional 955,529 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRWD. Bank of America reaffirmed a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Evercore ISI reissued an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Finally, Needham & Company LLC raised their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

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.