Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $1,893,030.24 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 5,424 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at $107,702,042.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CrowdStrike Price Performance

CrowdStrike stock opened at $342.35 on Friday. The firm has a market capitalization of $82.80 billion, a P/E ratio of 951.00, a PEG ratio of 13.97 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $365.00. The business has a 50-day moving average of $316.33 and a 200-day moving average of $286.86. 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 (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during 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%. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently modified their holdings of the stock. CVA Family Office LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike during the 3rd quarter valued at about $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at about $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. Citigroup lifted their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Barclays lifted their price objective on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Robert W. Baird lifted their price objective on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Piper Sandler lifted their price objective on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.