Insider Selling: CrowdStrike (NASDAQ:CRWD) President Sells 11,527 Shares of Stock

CrowdStrike (NASDAQ:CRWD) President Michael Sentonas sold 11,527 shares of the firm’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president now directly owns 410,677 shares of the company’s stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 11th, Michael Sentonas sold 25,000 shares of CrowdStrike stock. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00.

CrowdStrike Stock Up 1.8%

Shares of CRWD opened at $494.09 on Thursday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $500.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50 day simple moving average of $447.02 and a two-hundred day simple moving average of $399.20. The firm has a market cap of $123.15 billion, a P/E ratio of -716.07 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock valued at $447,000 after acquiring an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC purchased a new position in CrowdStrike in the 4th quarter worth approximately $2,166,000. OLD National Bancorp IN bought a new stake in CrowdStrike in the first quarter valued at approximately $248,000. Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $649,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Stifel Nicolaus increased their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley raised their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Oppenheimer upped their price target on CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Truist Financial reiterated a “buy” rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $453.88.

About CrowdStrike

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.