Insider Selling: CrowdStrike (NASDAQ:CRWD) CAO Sells 1,768 Shares of Stock

CrowdStrike (NASDAQ:CRWD - Get Free Report) CAO Anurag Saha sold 1,768 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer now owns 41,251 shares of the company's stock, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Anurag Saha also recently made the following trade(s):

• On Monday, June 23rd, Anurag Saha sold 2,227 shares of CrowdStrike stock. The stock was sold at an average price of $471.20, for a total value of $1,049,362.40.

CrowdStrike Trading Up 1.8%

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

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, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The business's revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective 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. Stifel Nicolaus raised their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Susquehanna lifted their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Morgan Stanley raised their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $453.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new position in CrowdStrike in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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, Neo Ivy Capital Management bought a new position in CrowdStrike in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.