CrowdStrike (NASDAQ:CRWD) CEO Sells $8,370,290.50 in Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50. Following the transaction, the chief executive officer now directly owns 2,175,154 shares in the company, valued at approximately $1,038,897,053.48. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

George Kurtz also recently made the following trade(s):

• On Monday, May 5th, George Kurtz sold 55,556 shares of CrowdStrike stock. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $11.13 during trading on Thursday, hitting $505.22. 3,013,758 shares of the company traded hands, compared to its average volume of 4,797,942. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's fifty day moving average is $447.02 and its 200-day moving average is $399.20. The stock has a market capitalization of $125.93 billion, a price-to-earnings ratio of -732.20 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $506.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Oppenheimer upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC boosted their price target on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Wedbush upped their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently bought and sold shares of CRWD. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of CrowdStrike during the first quarter worth $3,261,000. Swedbank AB increased its position in CrowdStrike by 156.9% in the 1st quarter. Swedbank AB now owns 216,904 shares of the company's stock worth $76,476,000 after purchasing an additional 132,463 shares during the last quarter. Real Talk Capital LLC raised its stake in shares of 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 purchasing an additional 24 shares in the last quarter. Peterson Wealth Management raised its stake in shares of CrowdStrike by 326.7% during the 1st quarter. Peterson Wealth Management now owns 2,714 shares of the company's stock worth $957,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Compass Financial Services Inc lifted its holdings in shares of CrowdStrike by 36.2% during the 1st quarter. Compass Financial Services Inc now owns 192 shares of the company's stock valued at $68,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors 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.