Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells 15,753 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 15,753 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now directly owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $317.81 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a twelve month low of $125.40 and a twelve month high of $365.00. The stock has a market cap of $76.87 billion, a P/E ratio of 882.83, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. The firm’s fifty day simple moving average is $313.41 and its 200 day simple moving average is $274.24.

CrowdStrike (NASDAQ:CRWD) last announced 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. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. HSBC lifted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Evercore ISI raised their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. DA Davidson lifted their target price on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada upped their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Truist Financial boosted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWD. CVA Family Office LLC purchased a new position in CrowdStrike during the fourth quarter valued at $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new position in CrowdStrike during the 3rd quarter valued at about $27,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike during the first quarter worth about $30,000. Hedge funds and other institutional investors 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.