CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) Director Godfrey Sullivan sold 10,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the completion of the transaction, the director now directly owns 170,000 shares of the company’s stock, valued at approximately $29,751,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CrowdStrike Price Performance
Shares of CrowdStrike stock opened at $195.10 on Tuesday. CrowdStrike Holdings, Inc. has a twelve month low of $130.00 and a twelve month high of $298.48. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $186.12 and a two-hundred day simple moving average of $186.38. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of -260.13 and a beta of 1.27.
CrowdStrike (NASDAQ:CRWD – Get Rating) last issued its quarterly earnings data on Tuesday, August 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The business had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $516.44 million. During the same quarter in the previous year, the company earned ($0.21) EPS. The business’s revenue was up 58.5% on a year-over-year basis. Analysts forecast that CrowdStrike Holdings, Inc. will post -0.74 EPS for the current year.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On CrowdStrike
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after buying an additional 244,613 shares in the last quarter. Jennison Associates LLC raised its position in shares of CrowdStrike by 4.6% in the 1st quarter. Jennison Associates LLC now owns 9,041,273 shares of the company’s stock valued at $2,053,092,000 after buying an additional 395,795 shares in the last quarter. Tiger Global Management LLC raised its position in shares of CrowdStrike by 16.9% in the 1st quarter. Tiger Global Management LLC now owns 8,808,818 shares of the company’s stock valued at $2,000,306,000 after buying an additional 1,271,818 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of CrowdStrike by 17.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,642,466 shares of the company’s stock valued at $782,534,000 after buying an additional 693,499 shares in the last quarter. Finally, State Street Corp raised its position in shares of CrowdStrike by 2.7% in the 4th quarter. State Street Corp now owns 4,240,652 shares of the company’s stock valued at $868,273,000 after buying an additional 111,900 shares in the last quarter. 67.43% of the stock is currently owned by institutional investors and hedge funds.
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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