Sameer K. Gandhi Sells 6,250 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the transaction, the director now directly owns 755,592 shares in the company, valued at $366,152,327.28. The trade was a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $2.38 during trading hours on Thursday, reaching $462.94. 6,171,298 shares of the stock were exchanged, compared to its average volume of 4,084,552. The firm has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22. The stock's fifty day simple moving average is $410.85 and its 200 day simple moving average is $386.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business earned $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Mizuho boosted their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday. Wedbush lifted their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $449.38.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC increased 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 period. E Fund Management Hong Kong Co. Ltd. raised its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

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.