CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Denis Oleary Sells 15,680 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Denis Oleary sold 15,680 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director now directly owns 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $467.65 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The company has a 50 day simple moving average of $419.44 and a two-hundred day simple moving average of $389.69. The stock has a market cap of $115.92 billion, a price-to-earnings ratio of 916.98, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was up 19.8% compared to the same quarter last year. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the company. Compass Financial Services Inc lifted its stake in shares of CrowdStrike by 36.2% in the 1st quarter. Compass Financial Services Inc now owns 192 shares of the company’s stock valued at $68,000 after purchasing an additional 51 shares during the period. 1248 Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $246,000. Nova Wealth Management Inc. lifted its stake in shares of CrowdStrike by 12.5% in the 1st quarter. Nova Wealth Management Inc. now owns 405 shares of the company’s stock valued at $143,000 after purchasing an additional 45 shares during the period. Anderson Financial Strategies LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $206,000. Finally, Strs Ohio acquired a new position in shares of CrowdStrike in the 1st quarter valued at $62,872,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the topic of a number of research reports. Mizuho raised their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Jefferies Financial Group raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Sanford C. Bernstein downgraded shares of CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Finally, Rosenblatt Securities raised their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $453.17.

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.