Abhishek Maheshwari Sells 3,198 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Abhishek Maheshwari sold 3,198 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $237.35, for a total value of $759,045.30. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ:CRWD opened at $253.70 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $93.37 and a 52-week high of $258.39. The business has a 50 day moving average price of $215.05. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.87.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, June 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $302.80 million for the quarter, compared to analysts’ expectations of $291.77 million. CrowdStrike had a negative return on equity of 11.89% and a negative net margin of 15.86%. CrowdStrike’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post -0.5 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on CrowdStrike from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 17th. Stifel Nicolaus raised CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $240.00 to $300.00 in a research note on Monday. Oppenheimer boosted their price objective on CrowdStrike from $190.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 17th. Royal Bank of Canada boosted their price objective on CrowdStrike from $250.00 to $259.00 and gave the stock an “outperform” rating in a research note on Friday, June 4th. Finally, Berenberg Bank assumed coverage on CrowdStrike in a research note on Tuesday, April 20th. They set a “buy” rating and a $260.00 target price on the stock. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $242.19.

Institutional investors have recently bought and sold shares of the business. CIBC World Markets Inc. lifted its holdings in CrowdStrike by 68.8% during the fourth quarter. CIBC World Markets Inc. now owns 47,932 shares of the company’s stock worth $10,153,000 after buying an additional 19,536 shares during the period. Convergence Investment Partners LLC lifted its holdings in CrowdStrike by 9.0% during the first quarter. Convergence Investment Partners LLC now owns 1,791 shares of the company’s stock worth $327,000 after buying an additional 148 shares during the period. Kestra Advisory Services LLC lifted its holdings in CrowdStrike by 4.2% during the first quarter. Kestra Advisory Services LLC now owns 25,251 shares of the company’s stock worth $4,609,000 after buying an additional 1,007 shares during the period. CWM LLC lifted its holdings in CrowdStrike by 4.6% during the first quarter. CWM LLC now owns 1,822 shares of the company’s stock worth $333,000 after buying an additional 80 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in CrowdStrike by 24.1% during the first quarter. Renaissance Technologies LLC now owns 1,323,745 shares of the company’s stock worth $241,597,000 after buying an additional 257,260 shares during the period. Institutional investors own 60.59% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Insider Buying and Selling by Quarter for CrowdStrike (NASDAQ:CRWD)

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