Michael Sentonas Sells 25,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president now directly owns 422,204 shares of the company’s stock, valued at $201,391,308. This represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Michael Sentonas also recently made the following trade(s):

• On Friday, March 21st, Michael Sentonas sold 13,543 shares of CrowdStrike stock. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66.

CrowdStrike Price Performance

NASDAQ CRWD opened at $476.98 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50 day moving average price is $422.55 and its 200-day moving average price is $390.29. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The company has a market cap of $118.23 billion, a PE ratio of 935.27, a P/E/G ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

CRWD has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Morgan Stanley increased their price objective on shares of CrowdStrike from $455.00 to $490.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Royal Bank of Canada increased their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Rosenblatt Securities increased their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a report on Monday, June 2nd. Finally, BTIG Research reissued a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Nuveen LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC boosted its stake in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC boosted its stake in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after acquiring an additional 1,084,506 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after acquiring an additional 1,017,678 shares in the last quarter. 71.16% of the stock is currently owned by 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.