Burt W. Podbere Sells 64,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Free Report) CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares in the company, valued at approximately $97,003,651.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CrowdStrike Trading Down 0.0 %

CrowdStrike stock opened at $319.55 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $77.29 billion, a price-to-earnings ratio of 867.86, a PEG ratio of 12.82 and a beta of 1.05. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The company’s fifty day moving average price is $316.84 and its two-hundred day moving average price is $251.04.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fairfield Bush & CO. bought a new stake in shares of CrowdStrike in the first quarter valued at about $654,000. MetLife Investment Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at about $2,930,000. Yousif Capital Management LLC lifted its stake in shares of CrowdStrike by 4.3% in the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after buying an additional 120 shares during the period. Raymond James Trust N.A. lifted its stake in shares of CrowdStrike by 37.3% in the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock valued at $643,000 after buying an additional 769 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of CrowdStrike by 14.4% in the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock valued at $658,000 after buying an additional 369 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. BTIG Research upped their target price on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Barclays upped their target price on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Citigroup upped their target price on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Sanford C. Bernstein initiated coverage on CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price for the company. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.29.

Check Out Our Latest Stock Analysis on CrowdStrike

About CrowdStrike

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.