Roxanne S. Austin Sells 10,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available at this link.

CrowdStrike Price Performance

Shares of CRWD stock opened at $383.19 on Monday. The stock has a 50 day moving average price of $341.55 and a 200 day moving average price of $314.36. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $93.25 billion, a P/E ratio of 723.01, a P/E/G ratio of 19.31 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRWD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. DA Davidson lowered their price objective on CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Evercore ISI increased their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Truist Financial boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, BTIG Research cut their price objective on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $380.62.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. CVA Family Office LLC bought a new stake in CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $26,000. Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike during the 1st quarter worth $32,000. Finally, MCF Advisors LLC purchased a new position in shares of CrowdStrike during the first quarter valued at $32,000. 71.16% of the stock is currently owned by institutional investors.

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.