Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells 1,683 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CrowdStrike Price Performance

Shares of CRWD traded down $2.07 during midday trading on Wednesday, hitting $286.47. The company’s stock had a trading volume of 2,950,333 shares, compared to its average volume of 5,356,198. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The company’s fifty day simple moving average is $262.61 and its two-hundred day simple moving average is $311.78. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 540.52, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of CRWD. TrinityPoint Wealth LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at $277,000. Corient Private Wealth LLC boosted its holdings in shares of CrowdStrike by 9.0% during the 4th quarter. Corient Private Wealth LLC now owns 22,849 shares of the company’s stock valued at $5,834,000 after acquiring an additional 1,890 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at $349,000. Congress Wealth Management LLC DE boosted its holdings in shares of CrowdStrike by 23.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,784 shares of the company’s stock valued at $966,000 after acquiring an additional 724 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at $31,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CRWD shares. Robert W. Baird reduced their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Monday, September 9th. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $302.00 to $339.00 in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.50.

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.