CrowdStrike (NASDAQ:CRWD) President Michael Sentonas Sells 11,527 Shares

CrowdStrike (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 11,527 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president now owns 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael Sentonas also recently made the following trade(s):

• On Wednesday, June 11th, Michael Sentonas sold 25,000 shares of CrowdStrike stock. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00.

CrowdStrike Trading Up 1.8%

Shares of CRWD stock traded up $8.71 on Wednesday, hitting $494.09. The stock had a trading volume of 2,951,905 shares, compared to its average volume of 4,797,633. The company's 50 day moving average price is $444.73 and its 200-day moving average price is $398.54. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $500.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $123.15 billion, a P/E ratio of 12,134.50 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares during the period. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $2,166,000. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike in the first quarter valued at $248,000. Trifecta Capital Advisors LLC boosted its holdings in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in CrowdStrike during the 4th quarter worth $649,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Rosenblatt Securities increased their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stephens upped 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. Finally, The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $453.17.

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.

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