CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz Sells 56,279 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, March 21st, George Kurtz sold 78,080 shares of CrowdStrike stock. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40.

CrowdStrike Trading Up 2.4 %

NASDAQ:CRWD opened at $317.81 on Tuesday. The stock has a market cap of $76.87 billion, a price-to-earnings ratio of 882.83, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. CrowdStrike Holdings, Inc. has a one year low of $125.40 and a one year high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The business’s 50-day simple moving average is $313.41 and its 200 day simple moving average is $274.24.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC bought a new position in shares of CrowdStrike during the fourth quarter worth about $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $27,000. Bear Mountain Capital Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter worth $30,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRWD shares. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Evercore ISI boosted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, UBS Group raised their price objective on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $371.87.

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.