CrowdStrike (NASDAQ:CRWD) Director Roxanne S. Austin Sells 553 Shares

CrowdStrike (NASDAQ:CRWD - Get Free Report) Director Roxanne S. Austin sold 553 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $510.00, for a total transaction of $282,030.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,617,580. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $4.03 during mid-day trading on Wednesday, reaching $496.10. 2,110,349 shares of the stock were exchanged, compared to its average volume of 4,774,318. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $457.49 and a 200 day moving average price of $403.42. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $516.62. The firm has a market capitalization of $123.65 billion, a PE ratio of 12,301.75 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 company 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 business's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of CrowdStrike

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its position in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after acquiring an additional 2,417 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of CrowdStrike by 8.9% during the fourth quarter. Fisher Asset Management LLC now owns 2,429 shares of the company's stock worth $831,000 after purchasing an additional 199 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of CrowdStrike by 38.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the company's stock worth $362,000 after purchasing an additional 289 shares during the period. Norden Group LLC grew its position in CrowdStrike by 8.6% during the fourth quarter. Norden Group LLC now owns 1,458 shares of the company's stock valued at $499,000 after purchasing an additional 116 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in CrowdStrike by 41.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,118 shares of the company's stock valued at $382,000 after buying an additional 329 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWD. Barclays set a $500.00 target price on CrowdStrike in a research note on Tuesday, June 3rd. Mizuho increased their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada upped their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.