CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere Sells 11,178 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 11,178 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the transaction, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at $85,216,825.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CrowdStrike Trading Up 1.6 %

CrowdStrike stock opened at $285.86 on Friday. CrowdStrike Holdings, Inc. has a one year low of $160.86 and a one year high of $398.33. The stock has a market cap of $69.57 billion, a PE ratio of 539.36, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50-day moving average of $259.63 and a two-hundred day moving average of $311.17.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CRWD. Raymond James cut their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.50.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter valued at about $25,000. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike during the 2nd quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $30,000. 71.16% of the stock is 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.