Sameer K. Gandhi Sells 15,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $387.18 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64. The business has a fifty day moving average price of $347.10 and a 200-day moving average price of $316.72. The company has a market capitalization of $94.22 billion, a PE ratio of 730.54, a PEG ratio of 19.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

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

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Rosenblatt Securities increased their price target on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. BMO Capital Markets dropped their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. BTIG Research dropped their price objective on CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Citigroup increased their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Piper Sandler lowered CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective for the company. in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $382.35.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp bought a new stake in CrowdStrike in the 4th quarter worth about $1,228,000. Financial Counselors Inc. boosted its position in CrowdStrike by 3.9% in the fourth 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 position in CrowdStrike by 17.1% in the fourth 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 during the last quarter. Highland Capital Management LLC boosted its position in CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the last quarter. Finally, Sara Bay Financial purchased a new position in CrowdStrike in the fourth quarter worth about $255,000. 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.