CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi Sells 6,250 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CrowdStrike Trading Down 2.6 %

CRWD stock opened at $302.31 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company’s 50-day simple moving average is $271.96 and its 200 day simple moving average is $308.43. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The company has a market capitalization of $73.57 billion, a PE ratio of 570.40, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 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 the consensus estimate of $958.27 million. During the same period in the prior year, the company posted $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CRWD. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. TD Cowen cut their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird cut their price objective 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. DA Davidson reissued a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. Finally, Oppenheimer cut their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.44.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of the company. Asset Dedication LLC grew its stake in CrowdStrike by 178.3% during the third quarter. Asset Dedication LLC now owns 1,489 shares of the company’s stock worth $418,000 after buying an additional 954 shares in the last quarter. Cascade Investment Group Inc. grew its stake in CrowdStrike by 3.9% during the third quarter. Cascade Investment Group Inc. now owns 1,270 shares of the company’s stock worth $356,000 after buying an additional 48 shares in the last quarter. EdgeRock Capital LLC grew its stake in CrowdStrike by 427.3% during the third quarter. EdgeRock Capital LLC now owns 1,756 shares of the company’s stock worth $493,000 after buying an additional 1,423 shares in the last quarter. Capital Advisors Wealth Management LLC grew its stake in CrowdStrike by 73.8% during the third quarter. Capital Advisors Wealth Management LLC now owns 4,304 shares of the company’s stock worth $1,207,000 after buying an additional 1,828 shares in the last quarter. Finally, Prospect Financial Services LLC grew its stake in CrowdStrike by 22.1% during the third quarter. Prospect Financial Services LLC now owns 1,976 shares of the company’s stock worth $554,000 after buying an additional 357 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.