CrowdStrike (NASDAQ:CRWD) CEO Sells $19,040,015.49 in Stock

Key Points

• CrowdStrike CEO George Kurtz sold $19 million worth of shares, reducing his total ownership by 1.94%.
• The company's shares experienced a 2.3% increase in value, reaching $451.69 amidst significant trading volume.
• CrowdStrike's recent earnings report highlighted a 19.8% year-over-year revenue growth despite a net margin of -4.17%.

CrowdStrike (NASDAQ:CRWD - Get Free Report) CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 23rd, George Kurtz sold 17,525 shares of CrowdStrike stock. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50.

CrowdStrike Trading Down 0.1%

Shares of NASDAQ:CRWD traded down $0.51 during midday trading on Friday, reaching $424.49. The company's stock had a trading volume of 3,626,057 shares, compared to its average volume of 2,718,355. The firm has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. The business has a 50 day moving average price of $477.04 and a 200 day moving average price of $425.17. CrowdStrike has a 1 year low of $235.60 and a 1 year high of $517.98. 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 (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $2,166,000. OLD National Bancorp IN purchased a new position in shares of CrowdStrike in the 1st quarter valued at $248,000. Bessemer Group Inc. lifted its holdings in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of CrowdStrike during the 1st quarter valued at $175,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CRWD shares. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Stephens upped their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $461.17.

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.