CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere Sells 15,753 Shares

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

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $7.60 during mid-day trading on Monday, hitting $317.81. 2,900,633 shares of the company’s stock traded hands, compared to its average volume of 3,478,526. The firm has a market capitalization of $76.87 billion, a price-to-earnings ratio of 882.83, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. The firm has a 50 day moving average of $313.41 and a two-hundred day moving average of $274.24. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 12 month low of $125.40 and a 12 month high of $365.00.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, January 17th. KeyCorp decreased their target price on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. HSBC lifted their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Truist Financial lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their target price on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Morgan Stanley lifted its holdings in shares of CrowdStrike by 124.4% during the 3rd 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 period. Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $450,418,000. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.