CrowdStrike (NASDAQ:CRWD) CFO Sells $5,030,115.86 in Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $469.49, for a total value of $5,030,115.86. Following the transaction, the chief financial officer now owns 239,008 shares of the company's stock, valued at approximately $112,211,865.92. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of 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 lifted its position 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 valued at $963,000 after acquiring an additional 24 shares during the period. Jacobi Capital Management LLC lifted its position in shares of CrowdStrike by 1.9% during 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 during the period. Tradewinds Capital Management LLC grew its holdings in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares in the last quarter. Finally, Close Asset Management Ltd increased its position in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRWD shares. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research report on Thursday, May 22nd. Bank of America reissued a "neutral" rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Truist Financial reiterated a "buy" rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, BTIG Research reissued a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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.

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