Anurag Saha Sells 1,683 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CrowdStrike Stock Down 1.7 %

Shares of CrowdStrike stock opened at $281.48 on Friday. The business’s 50 day simple moving average is $261.24 and its 200-day simple moving average is $311.60. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $69.00 billion, a price-to-earnings ratio of 531.10, a PEG ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $160.67 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRWD. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Stifel Nicolaus decreased their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group decreased their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Needham & Company LLC started coverage on CrowdStrike in a research note on Monday. They issued a “buy” rating and a $360.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.50.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $450,418,000. 71.16% of the stock is 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.