Michael Sentonas Sells 10,776 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 10,776 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

CrowdStrike Trading Down 1.7 %

Shares of NASDAQ CRWD opened at $281.48 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $160.67 and a 1 year high of $398.33. The stock has a market cap of $69.00 billion, a P/E ratio of 531.10, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. The firm has a 50-day moving average of $261.24 and a 200 day moving average of $311.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Monday. Raymond James reduced their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Finally, UBS Group dropped their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.50.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at about $30,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike during the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike during the 1st quarter valued at about $30,000. 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.