CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi Sells 5,036 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CrowdStrike Trading Down 0.2 %

Shares of NASDAQ:CRWD opened at $330.03 on Friday. The firm has a market capitalization of $80.90 billion, a price-to-earnings ratio of 478.30, a price-to-earnings-growth ratio of 20.21 and a beta of 1.10. The business’s 50 day moving average price is $289.62 and its 200-day moving average price is $308.66. 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 Holdings, Inc. has a 1 year low of $189.12 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. TD Cowen lowered their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.74.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the company. Overbrook Management Corp acquired a new stake in CrowdStrike during the 3rd quarter worth $8,213,000. Citizens Financial Group Inc. RI boosted its position in CrowdStrike by 26.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,036 shares of the company’s stock worth $571,000 after acquiring an additional 423 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in CrowdStrike by 10.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 16,518 shares of the company’s stock valued at $4,633,000 after acquiring an additional 1,590 shares in the last quarter. Moors & Cabot Inc. raised its holdings in CrowdStrike by 27.3% in the 3rd quarter. Moors & Cabot Inc. now owns 3,868 shares of the company’s stock valued at $1,085,000 after acquiring an additional 829 shares during the last quarter. Finally, Cedar Wealth Management LLC lifted its stake in CrowdStrike by 3,333.3% in the 3rd quarter. Cedar Wealth Management LLC now owns 206 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.