CrowdStrike (NASDAQ:CRWD) Director Sells $3,202,687.50 in Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director owned 781,011 shares in the company, valued at $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $5.80 during midday trading on Wednesday, hitting $513.51. 1,865,652 shares of the company's stock were exchanged, compared to its average volume of 4,776,798. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. 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 company has a market cap of $127.99 billion, a price-to-earnings ratio of -744.22 and a beta of 1.16. The business's fifty day moving average price is $468.34 and its two-hundred day moving average price is $409.08.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. CrowdStrike's revenue was up 19.8% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Stephens increased their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Oppenheimer increased their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report 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 report on Wednesday, June 4th. Finally, Rosenblatt Securities increased their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $453.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Vanguard Group Inc. lifted its position in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the last quarter. Jennison Associates LLC lifted its position in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after buying an additional 955,529 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.