CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) CAO Anurag Saha sold 815 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the completion of the transaction, the chief accounting officer now directly owns 31,852 shares in the company, valued at $4,793,088.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CrowdStrike Trading Down 1.5 %
NASDAQ CRWD opened at $143.65 on Monday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $140.67 and a 200-day moving average price of $124.68. CrowdStrike Holdings, Inc. has a 52 week low of $92.25 and a 52 week high of $205.73. The company has a market cap of $34.06 billion, a price-to-earnings ratio of -221.00, a P/E/G ratio of 83.08 and a beta of 1.02.
CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its earnings results on Wednesday, May 31st. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.13. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. The company had revenue of $692.58 million during the quarter, compared to the consensus estimate of $677.30 million. As a group, equity analysts expect that CrowdStrike Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CRWD. Fairfield Bush & CO. bought a new position in shares of CrowdStrike during the first quarter valued at about $654,000. MetLife Investment Management LLC bought a new position in shares of CrowdStrike during the 1st quarter worth $2,930,000. Yousif Capital Management LLC boosted its position in CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after purchasing an additional 120 shares during the period. Raymond James Trust NA lifted its stake in shares of CrowdStrike by 37.3% during the 1st quarter. Raymond James Trust NA now owns 2,830 shares of the company’s stock valued at $643,000 after buying an additional 769 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in CrowdStrike by 14.4% in the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after buying an additional 369 shares during the period. Institutional investors own 61.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CRWD. Guggenheim reissued a “buy” rating and issued a $147.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 8th. KeyCorp began coverage on CrowdStrike in a research note on Wednesday, June 14th. They issued an “overweight” rating and a $200.00 price objective on the stock. The Street raised shares of CrowdStrike from a “d+” rating to a “c” rating in a report on Wednesday, May 31st. Morgan Stanley lifted their price target on shares of CrowdStrike from $150.00 to $163.00 and gave the company an “overweight” rating in a report on Tuesday, March 14th. Finally, Wells Fargo & Company raised their target price on shares of CrowdStrike from $165.00 to $175.00 in a research report on Thursday, June 1st. Five analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $176.88.
About CrowdStrike
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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers 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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