CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz Sells 56,279 Shares

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 stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 transaction of $25,514,982.40.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $313.76 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $75.89 billion, a PE ratio of 871.58, a PEG 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. The firm has a fifty day moving average of $313.23 and a 200 day moving average of $275.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Citigroup raised their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna increased their price target on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. TD Cowen boosted their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Institutional Trading of CrowdStrike

A number of institutional investors have recently made changes to their positions in CRWD. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike in the 1st quarter valued at $30,000. CVA Family Office LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $26,000. Future Financial Wealth Managment LLC acquired a new position in CrowdStrike during the first quarter worth about $32,000. Finally, MCF Advisors LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.