Shawn Henry Sells 5,500 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 5,500 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.60, for a total value of $1,636,800.00. Following the sale, the insider now owns 169,091 shares of the company’s stock, valued at approximately $50,321,481.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shawn Henry also recently made the following trade(s):

• On Monday, September 16th, Shawn Henry sold 4,500 shares of CrowdStrike stock. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00.
• On Thursday, August 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00.
• On Monday, July 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00.

CrowdStrike Price Performance

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 firm has a market capitalization of $69.00 billion, a PE ratio of 531.10, a P/E/G ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business’s fifty day moving average price is $261.24 and its two-hundred day moving average price is $311.60.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for 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%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRWD shares. Barclays increased their target price on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Royal Bank of Canada lowered their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Needham & Company LLC initiated coverage on shares of CrowdStrike in a report on Monday. They set a “buy” rating and a $360.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One 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 given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $326.50.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the first quarter valued at $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $31,000. Finally, Northwest Bank & Trust Co acquired a new stake in CrowdStrike in the fourth quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

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.