Michael Sentonas Sells 25,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president now directly owns 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Michael Sentonas also recently made the following trade(s):

• On Friday, March 21st, Michael Sentonas sold 13,543 shares of CrowdStrike stock. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66.

CrowdStrike Price Performance

CRWD stock traded down $3.22 during trading on Friday, hitting $478.51. The company had a trading volume of 531,264 shares, compared to its average volume of 5,008,619. The business has a 50 day moving average of $425.70 and a 200 day moving average of $391.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $118.61 billion, a price-to-earnings ratio of 937.56, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

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

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its position in 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 acquired a new position in CrowdStrike during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Finally, FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRWD. Barclays set a $500.00 price target on shares of CrowdStrike in a report on Tuesday, June 3rd. JMP Securities reissued a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Raymond James reiterated an "outperform" rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price 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.