CrowdStrike (NASDAQ:CRWD) CFO Sells $5,306,643.02 in Stock

Key Points

• CrowdStrike CFO Burt Podbere sold 10,706 shares of the stock for approximately $5.31 million, resulting in a 4.63% decrease in his ownership.
• The company reported a 21.4% year-over-year revenue increase to $1.17 billion for the recent quarter, surpassing analyst expectations.
• Several hedge funds have significantly increased their stakes in CrowdStrike, with institutional investors owning 71.16% of the company's stock.

CrowdStrike (NASDAQ:CRWD - Get Free Report) CFO Burt Podbere sold 10,706 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the sale, the chief financial officer owned 220,424 shares of the company's stock, valued at $109,257,564.08. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CrowdStrike Price Performance

Shares of CRWD traded down $7.77 during trading hours on Wednesday, hitting $476.33. 2,210,704 shares of the stock were exchanged, compared to its average volume of 4,046,499. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a 12-month low of $272.67 and a 12-month high of $517.98. The company has a market cap of $119.54 billion, a price-to-earnings ratio of -400.27, a price-to-earnings-growth ratio of 113.76 and a beta of 1.12. The stock's 50-day moving average price is $443.62 and its two-hundred day moving average price is $432.52.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently modified their holdings of CRWD. Laurel Wealth Advisors LLC lifted its stake in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $1,638,365,000. Nuveen LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $595,766,000. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Scotiabank dropped their price target on CrowdStrike from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Thursday, August 28th. Stephens boosted their price objective on CrowdStrike from $510.00 to $525.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Oppenheimer reissued an "outperform" rating and set a $520.00 price objective on shares of CrowdStrike in a research note on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Cfra reissued a "hold" rating and set a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $480.07.

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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