CrowdStrike (NASDAQ:CRWD) CEO Sells $11,916,577.53 in Stock

CrowdStrike (NASDAQ:CRWDGet Free Report) CEO George Kurtz sold 28,853 shares of CrowdStrike stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the sale, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at approximately $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

George Kurtz also recently made the following trade(s):

  • On Monday, February 2nd, George Kurtz sold 6,777 shares of CrowdStrike stock. The stock was sold at an average price of $438.60, for a total transaction of $2,972,392.20.
  • On Monday, December 22nd, George Kurtz sold 17,550 shares of CrowdStrike stock. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $395.50 on Friday. The business has a 50-day moving average of $470.37 and a two-hundred day moving average of $475.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The stock has a market capitalization of $99.71 billion, a P/E ratio of -313.89, a P/E/G ratio of 22.63 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and issued a $580.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Truist Financial increased their target price on CrowdStrike from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Canaccord Genuity Group increased their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of CrowdStrike in a report on Tuesday, January 20th. Finally, Needham & Company LLC increased their price objective on shares of CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $555.21.

View Our Latest Analysis on CrowdStrike

Institutional Trading of CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Vanguard Group Inc. grew its position in shares of CrowdStrike by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 24,216,545 shares of the company’s stock valued at $11,351,748,000 after purchasing an additional 340,047 shares during the period. State Street Corp increased its stake in CrowdStrike by 1.1% in the 3rd quarter. State Street Corp now owns 10,922,290 shares of the company’s stock valued at $5,356,073,000 after buying an additional 117,639 shares during the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after acquiring an additional 273,922 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. Finally, Norges Bank acquired a new position in CrowdStrike during the second quarter worth $1,638,365,000. Institutional investors own 71.16% of the company’s stock.

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CrowdStrike Company Profile

(Get Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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