CrowdStrike (NASDAQ:CRWD) Director Sells $2,794,312.50 in 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 firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CrowdStrike Trading Up 2.3%

Shares of CrowdStrike stock traded up $9.94 during trading on Wednesday, hitting $451.69. The stock had a trading volume of 2,030,984 shares, compared to its average volume of 3,748,121. CrowdStrike has a 12 month low of $229.72 and a 12 month high of $517.98. 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 stock has a market cap of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. The firm's fifty day simple moving average is $478.89 and its 200-day simple moving average is $424.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CrowdStrike by 52.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company's stock worth $977,149,000 after purchasing an additional 955,529 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after acquiring an additional 760,222 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of CrowdStrike by 16.4% during the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock worth $883,713,000 after buying an additional 352,473 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. Wells Fargo & Company raised their target price on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. BMO Capital Markets increased their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stephens boosted their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Wedbush raised their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

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.