Insider Selling: CrowdStrike (NASDAQ:CRWD) Director Sells 6,250 Shares of Stock

Key Points

• CrowdStrike Director Sameer K. Gandhi sold 6,250 shares of the company's stock at an average price of $447.09, totaling approximately $2.79 million, resulting in a 0.80% decrease in their ownership.
• The company's stock is currently trading at $441.75, down $13.11 during recent trading sessions, with a market cap of $110.11 billion.
• CrowdStrike's latest quarterly earnings showed an EPS of $0.73, beating estimates, but with revenue slightly below projections, indicating 19.8% year-over-year growth.

CrowdStrike (NASDAQ:CRWD - Get Free Report) Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director directly owned 774,761 shares in the company, valued at $346,387,895.49. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CrowdStrike Price Performance

Shares of CRWD stock traded down $13.11 during mid-day trading on Tuesday, hitting $441.75. 3,099,306 shares of the stock traded hands, compared to its average volume of 2,585,893. CrowdStrike has a twelve month low of $221.56 and a twelve month high of $517.98. The firm has a market cap of $110.11 billion, a price-to-earnings ratio of -640.22 and a beta of 1.13. The company's 50-day simple moving average is $479.50 and its 200-day simple moving average is $423.99. 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 (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRWD shares. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. Cfra reaffirmed a "hold" rating and issued a $555.00 price target (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Bank of America reissued a "neutral" rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. AlphaQuest LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. lifted its holdings in shares of CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company's stock worth $36,000 after acquiring an additional 34 shares during the period. Wealth Watch Advisors INC bought a new position in shares of CrowdStrike during the 2nd quarter worth about $37,000. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter worth about $25,000. Finally, Vision Financial Markets LLC bought a new position in shares of CrowdStrike during the 1st quarter worth about $26,000. Institutional investors and hedge funds own 71.16% of the company's stock.

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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