CrowdStrike (NASDAQ:CRWD) Director Sells $983,037.33 in Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Johanna Flower also recently made the following trade(s):

• On Monday, April 21st, Johanna Flower sold 2,974 shares of CrowdStrike stock. The stock was sold at an average price of $362.48, for a total transaction of $1,078,015.52.

CrowdStrike Stock Down 0.6%

Shares of NASDAQ CRWD traded down $2.83 during trading on Wednesday, hitting $470.45. 1,979,914 shares of the company traded hands, compared to its average volume of 4,767,737. The firm has a market capitalization of $117.26 billion, a price-to-earnings ratio of -681.81 and a beta of 1.16. The business's fifty day moving average is $471.45 and its 200 day moving average is $412.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. Equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of CrowdStrike

A number of institutional investors have recently modified their holdings of the business. Cloud Capital Management LLC bought a new stake in CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Oppenheimer upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $456.40.

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.

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