CrowdStrike (NASDAQ:CRWD) Director Roxanne S. Austin Sells 10,000 Shares

CrowdStrike (NASDAQ:CRWD - Get Free Report) Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $8,828,302.50. The trade was a 35.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $6.87 during trading hours on Wednesday, reaching $485.16. 2,825,785 shares of the company's stock were exchanged, compared to its average volume of 5,006,881. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $493.22. The company has a market capitalization of $120.93 billion, a P/E ratio of -703.13 and a beta of 1.16. The business has a fifty day moving average of $436.32 and a two-hundred day moving average of $394.77. 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 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CRWD. DA Davidson lifted their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley lifted their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Evercore ISI reiterated an "in-line" rating and issued a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Scotiabank lifted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $453.17.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of the company. FSA Wealth Management LLC grew its holdings 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 purchasing an additional 23 shares during the period. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares during the period. Tradewinds Capital Management LLC boosted its stake in CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the period. Close Asset Management Ltd boosted its stake in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares during the period. Finally, Ramirez Asset Management Inc. boosted its stake in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after buying an additional 25 shares during the period. 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.