Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells 3,032 Shares of Stock
CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) CAO Anurag Saha sold 3,032 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total value of $526,567.44. Following the completion of the transaction, the chief accounting officer now directly owns 27,999 shares in the company, valued at approximately $4,862,586.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
CrowdStrike Stock Performance
CrowdStrike stock traded down $0.89 during midday trading on Friday, hitting $160.39. 2,884,117 shares of the company were exchanged, compared to its average volume of 4,476,206. The firm has a market capitalization of $37.43 billion, a PE ratio of -213.81 and a beta of 1.27. CrowdStrike Holdings, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $298.48. The business has a fifty day simple moving average of $185.18 and a two-hundred day simple moving average of $185.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.80 and a current ratio of 1.80.
CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its earnings results on Tuesday, August 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The firm had revenue of $535.15 million for the quarter, compared to analyst estimates of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. CrowdStrike’s revenue for the quarter was up 58.5% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post -0.76 earnings per share for the current year.
Institutional Trading of CrowdStrike
Institutional investors have recently bought and sold shares of the business. Bank of New Hampshire acquired a new stake in CrowdStrike in the first quarter valued at approximately $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in CrowdStrike by 440.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Core Alternative Capital grew its holdings in CrowdStrike by 2,233.3% in the first quarter. Core Alternative Capital now owns 140 shares of the company’s stock valued at $32,000 after purchasing an additional 134 shares during the period. Proffitt & Goodson Inc. acquired a new stake in CrowdStrike in the first quarter valued at approximately $34,000. Finally, Riverview Trust Co acquired a new stake in CrowdStrike in the first quarter valued at approximately $40,000. 67.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on CRWD shares. TheStreet raised CrowdStrike from a “d” rating to a “c-” rating in a research report on Wednesday, August 17th. Oppenheimer cut their price objective on CrowdStrike from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, June 3rd. Stephens started coverage on CrowdStrike in a research report on Wednesday, August 31st. They issued an “overweight” rating and a $236.00 price objective on the stock. Cowen reaffirmed a “buy” rating and issued a $220.00 price objective on shares of CrowdStrike in a research report on Wednesday. Finally, Barclays upped their price objective on CrowdStrike from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $241.71.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
Further Reading
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