Gerhard Watzinger Sells 10,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company's stock, valued at approximately $14,425,500. This represents a 25.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gerhard Watzinger also recently made the following trade(s):

• On Tuesday, May 27th, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The stock was sold at an average price of $469.00, for a total value of $4,690,000.00.
• On Monday, May 5th, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The stock was sold at an average price of $449.00, for a total transaction of $4,490,000.00.
• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The stock was sold at an average price of $409.00, for a total transaction of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The shares were sold at an average price of $378.93, for a total transaction of $985,218.00.
• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00.

CrowdStrike Trading Up 0.5%

NASDAQ CRWD traded up $2.38 on Thursday, reaching $462.94. The stock had a trading volume of 6,171,298 shares, compared to its average volume of 4,084,552. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $410.85 and a two-hundred day moving average price of $386.40. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The firm has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% in the first 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 period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Mizuho boosted their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday. Jefferies Financial Group upped their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday. Finally, Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $449.38.

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.