Gerhard Watzinger Sells 10,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares in the company, valued at $14,425,500. This represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gerhard Watzinger also recently made the following trade(s):

• On Tuesday, May 27th, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00.
• On Monday, May 5th, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The stock was sold at an average price of $449.00, for a total transaction of $4,490,000.00.
• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The stock was sold at an average price of $409.00, for a total transaction of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00.
• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00.

CrowdStrike Stock Performance

CrowdStrike stock opened at $462.94 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The company has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s fifty day moving average price is $413.06 and its 200 day moving average price is $387.23.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Evercore ISI restated an “in-line” rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday. Raymond James restated an “outperform” rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.38.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in shares of CrowdStrike in the 4th quarter worth about $1,111,542,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after purchasing an additional 955,529 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.