CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Shawn Henry Sells 4,500 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shawn Henry also recently made the following trade(s):

• On Thursday, August 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00.
• On Monday, July 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00.
• On Monday, June 24th, Shawn Henry sold 8,077 shares of CrowdStrike stock. The stock was sold at an average price of $374.99, for a total transaction of $3,028,794.23.
• On Friday, June 21st, Shawn Henry sold 5,504 shares of CrowdStrike stock. The shares were sold at an average price of $380.63, for a total transaction of $2,094,987.52.

CrowdStrike Stock Up 0.3 %

NASDAQ:CRWD opened at $268.72 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The stock’s fifty day moving average is $271.34 and its two-hundred day moving average is $312.95. The stock has a market capitalization of $65.40 billion, a price-to-earnings ratio of 507.02, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Argus dropped their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Cantor Fitzgerald decreased their price target on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. Finally, Oppenheimer decreased their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $327.16.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWD. Newbridge Financial Services Group Inc. boosted its position in CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after buying an additional 1,966 shares during the period. Sanctuary Advisors LLC purchased a new position in CrowdStrike in the second quarter valued at $15,285,000. NCP Inc. acquired a new position in CrowdStrike during the 2nd quarter worth $115,000. Gordian Capital Singapore Pte Ltd increased its holdings in CrowdStrike by 15.8% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 586 shares of the company’s stock worth $225,000 after purchasing an additional 80 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in CrowdStrike in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds 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.