CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells $11,827,154.80 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) CEO George Kurtz sold 71,528 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the transaction, the chief executive officer now owns 958,309 shares in the company, valued at approximately $158,456,393.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CRWD traded up $9.19 during trading on Thursday, hitting $174.90. 4,335,489 shares of the company traded hands, compared to its average volume of 5,034,421. The firm has a market cap of $40.59 billion, a P/E ratio of -220.85 and a beta of 1.46. The stock’s fifty day moving average is $174.61 and its 200 day moving average is $187.11. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.66. CrowdStrike Holdings, Inc. has a one year low of $130.00 and a one year high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. The company had revenue of $487.83 million during the quarter, compared to analyst estimates of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The firm’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current fiscal year.

A number of research firms recently issued reports on CRWD. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. DA Davidson dropped their target price on shares of CrowdStrike from $280.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Barclays boosted their target price on shares of CrowdStrike from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, June 3rd. Stephens assumed coverage on shares of CrowdStrike in a report on Friday, June 3rd. They set a “buy” rating and a $232.00 price objective on the stock. Finally, Morgan Stanley upgraded shares of CrowdStrike from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $195.00 to $215.00 in a report on Monday, June 6th. Twenty-nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Buy” and a consensus target price of $251.38.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Quarterback LLC boosted its position in CrowdStrike by 78.6% during the third quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Psagot Value Holdings Ltd. Israel bought a new position in CrowdStrike during the fourth quarter worth about $27,000. Massmutual Trust Co. FSB ADV boosted its position in CrowdStrike by 159.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 83 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in CrowdStrike by 440.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the period. Finally, MUFG Americas Holdings Corp bought a new position in CrowdStrike during the fourth quarter worth about $30,000. Institutional investors own 63.02% of the company’s stock.

CrowdStrike Company Profile (Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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