CrowdStrike (NASDAQ:CRWD) CAO Anurag Saha Sells 2,227 Shares

CrowdStrike (NASDAQ:CRWD - Get Free Report) CAO Anurag Saha sold 2,227 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $1,049,362.40. Following the completion of the sale, the chief accounting officer now owns 43,019 shares in the company, valued at approximately $20,270,552.80. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Anurag Saha also recently made the following trade(s):

• On Tuesday, June 24th, Anurag Saha sold 1,768 shares of CrowdStrike stock. The stock was sold at an average price of $491.77, for a total value of $869,449.36.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $8.71 on Wednesday, reaching $494.09. The stock had a trading volume of 2,951,905 shares, compared to its average volume of 4,797,633. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $123.15 billion, a P/E ratio of 12,134.50 and a beta of 1.16. The firm has a fifty day moving average of $444.73 and a two-hundred day moving average of $398.54. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $500.15.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. Scotiabank boosted their target price on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Oppenheimer lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a report on Friday, June 6th. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research report on Thursday, May 22nd. Finally, KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FSA Wealth Management LLC boosted its stake in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the period. Real Talk Capital LLC increased its stake in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock worth $963,000 after acquiring an additional 24 shares during the period. Jacobi Capital Management LLC raised its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after acquiring an additional 25 shares during the period. Finally, Close Asset Management Ltd lifted its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds 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.

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