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 the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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

CrowdStrike Trading Up 2.3%

Shares of CRWD stock traded up $9.94 during trading hours on Wednesday, hitting $451.69. 2,030,984 shares of the company were exchanged, compared to its average volume of 2,633,956. The firm has a fifty day moving average of $478.89 and a 200 day moving average of $424.11. 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 1 year low of $229.72 and a 1 year high of $517.98. The firm has a market cap of $112.58 billion, a PE ratio of 11,043.75 and a beta of 1.13.

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, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Institutional Trading of CrowdStrike

Large investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in CrowdStrike by 20.4% during 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 in the last quarter. Primoris Wealth Advisors LLC acquired a new position in CrowdStrike in the fourth quarter worth $2,166,000. OLD National Bancorp IN bought a new stake in CrowdStrike during the first quarter valued at $248,000. Bessemer Group Inc. raised its holdings in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares during the period. Finally, CX Institutional bought a new position in shares of CrowdStrike in the 1st quarter worth about $175,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRWD. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Wedbush increased their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Cantor Fitzgerald lifted their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a report on Monday, July 7th. Finally, Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. One 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 company. According to MarketBeat.com, the company currently has a consensus 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.

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