Insider Selling: CrowdStrike (NASDAQ:CRWD) Director Sells 6,250 Shares of Stock

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

CrowdStrike Stock Performance

CRWD traded down $8.66 during trading hours on Friday, hitting $478.45. 3,377,761 shares of the stock were exchanged, compared to its average volume of 4,771,281. The stock has a market cap of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. The stock has a 50-day simple moving average of $470.20 and a 200-day simple moving average of $410.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. lifted its holdings in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 21.1% in the first 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of CrowdStrike by 2.6% in the fourth 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 period. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth about $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CrowdStrike by 52.6% during 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 acquiring an additional 955,529 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRWD has been the topic of several recent analyst reports. Barclays set a $500.00 price objective on shares of CrowdStrike in a report on Tuesday, June 3rd. Mizuho increased their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and issued a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $456.29.

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.