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 shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director directly owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CrowdStrike Stock Down 5.1%

CRWD stock traded down $26.40 during midday trading on Thursday, hitting $487.11. The company's stock had a trading volume of 4,172,086 shares, compared to its average volume of 4,774,430. 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 twelve month low of $200.81 and a twelve month high of $517.98. The company's fifty day moving average price is $468.34 and its 200 day moving average price is $409.08. The stock has a market capitalization of $121.41 billion, a P/E ratio of -705.96 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CRWD shares. Stephens raised their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Barclays set a $500.00 price objective on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $456.29.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in shares of 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 purchasing an additional 2,417 shares during the last quarter. Assetmark Inc. increased its stake in shares of CrowdStrike by 69.5% during the 4th quarter. Assetmark Inc. now owns 522 shares of the company's stock worth $179,000 after purchasing an additional 214 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth about $254,000. Machina Capital S.A.S. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $304,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of CrowdStrike by 17.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 89,766 shares of the company's stock worth $30,714,000 after purchasing an additional 13,188 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.