CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Sells $3,203,489.28 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CrowdStrike Price Performance

CRWD stock opened at $281.48 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $160.67 and a 52 week high of $398.33. The firm has a market capitalization of $69.00 billion, a P/E ratio of 531.10, a price-to-earnings-growth ratio of 19.60 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. The company has a fifty day simple moving average of $261.24 and a two-hundred day simple moving average of $311.60.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Paragon Capital Management Inc. increased its stake in CrowdStrike by 4.9% in the 2nd quarter. Paragon Capital Management Inc. now owns 9,240 shares of the company’s stock worth $3,541,000 after buying an additional 432 shares during the period. Centaurus Financial Inc. increased its stake in CrowdStrike by 211.0% in the 2nd quarter. Centaurus Financial Inc. now owns 2,435 shares of the company’s stock worth $933,000 after buying an additional 1,652 shares during the period. Anchor Investment Management LLC increased its stake in CrowdStrike by 130.0% in the 2nd quarter. Anchor Investment Management LLC now owns 230 shares of the company’s stock worth $88,000 after buying an additional 130 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in CrowdStrike in the 2nd quarter worth about $41,836,000. Finally, Newbridge Financial Services Group Inc. increased its stake in CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after buying an additional 1,966 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRWD. Wells Fargo & Company reduced their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. BMO Capital Markets lifted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Piper Sandler reissued an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $326.50.

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.