CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells $17,131,890.39 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

George Kurtz also recently made the following trade(s):

• On Thursday, March 21st, George Kurtz sold 78,080 shares of CrowdStrike stock. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40.

CrowdStrike Stock Performance

Shares of CRWD opened at $313.76 on Thursday. The company has a 50-day simple moving average of $313.23 and a two-hundred day simple moving average of $275.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $75.89 billion, a PE ratio of 871.58, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. CrowdStrike Holdings, Inc. has a one year low of $129.16 and a one year high of $365.00.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. HSBC increased their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC boosted their price target on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Royal Bank of Canada increased their price objective on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. raised its position in shares of CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC increased its stake in CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after purchasing an additional 181 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.