Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells 4,000 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shawn Henry also recently made the following trade(s):

• On Thursday, March 21st, Shawn Henry sold 14,815 shares of CrowdStrike stock. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75.

CrowdStrike Stock Up 0.1 %

NASDAQ CRWD opened at $294.10 on Friday. The firm has a market cap of $71.13 billion, a PE ratio of 816.97, a price-to-earnings-growth ratio of 11.96 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 stock’s 50 day simple moving average is $318.65 and its 200 day simple moving average is $262.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the business. Morgan Stanley raised its position in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter valued at about $683,336,000. Alliancebernstein L.P. grew its position in shares of CrowdStrike by 1,593.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after buying an additional 2,487,806 shares during the period. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $450,418,000. Finally, Jennison Associates LLC lifted its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CRWD shares. Barclays upped their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer boosted their price objective on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Monday, April 8th. Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $371.87.

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.