CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $7,352,822.40 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director now owns 36,906 shares in the company, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CrowdStrike Stock Performance

CRWD stock traded down $0.30 on Friday, reaching $481.43. The company's stock had a trading volume of 1,405,279 shares, compared to its average volume of 4,019,394. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $119.33 billion, a P/E ratio of 942.80, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The firm has a fifty day moving average of $425.70 and a two-hundred day moving average of $391.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in CrowdStrike by 4.1% during 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 in the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 21.1% during the 1st 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 during the period. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CrowdStrike by 52.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock valued at $977,149,000 after buying an additional 955,529 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWD shares. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. BTIG Research reissued a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Robert W. Baird cut their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Finally, Mizuho upped their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $453.17.

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.