Colin Black Sells 35,731 Shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) Stock

Crowdstrike Holdings Inc (NASDAQ:CRWD) COO Colin Black sold 35,731 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $61.88, for a total value of $2,211,034.28. Following the completion of the sale, the chief operating officer now owns 35,731 shares of the company’s stock, valued at $2,211,034.28. The transaction was disclosed in a filing with the SEC, which is available through this link.

Colin Black also recently made the following trade(s):

  • On Tuesday, January 14th, Colin Black sold 25,000 shares of Crowdstrike stock. The stock was sold at an average price of $60.00, for a total value of $1,500,000.00.

NASDAQ:CRWD opened at $64.85 on Friday. Crowdstrike Holdings Inc has a 12-month low of $44.58 and a 12-month high of $101.88. The stock has a 50-day moving average price of $58.32 and a 200 day moving average price of $63.38.

Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.12. The business had revenue of $125.10 million for the quarter, compared to the consensus estimate of $118.79 million. Crowdstrike’s revenue was up 88.4% on a year-over-year basis. As a group, research analysts anticipate that Crowdstrike Holdings Inc will post -1.03 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asset Management L.P. increased its position in Crowdstrike by 1,390.5% in the fourth quarter. Point72 Asset Management L.P. now owns 1,746,109 shares of the company’s stock worth $87,078,000 after purchasing an additional 1,628,963 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Crowdstrike by 10,254.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 11,804 shares of the company’s stock valued at $589,000 after purchasing an additional 11,690 shares in the last quarter. Blackstone Group Inc bought a new position in Crowdstrike during the fourth quarter valued at $10,666,000. Avestar Capital LLC bought a new position in Crowdstrike during the fourth quarter valued at $1,256,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of Crowdstrike in the 4th quarter worth $1,575,000. 35.41% of the stock is owned by institutional investors and hedge funds.

CRWD has been the topic of several analyst reports. Nomura lifted their target price on Crowdstrike from $65.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, December 9th. DA Davidson upgraded Crowdstrike from a “neutral” rating to a “buy” rating and upped their price target for the stock from $58.00 to $75.00 in a research report on Tuesday. Piper Jaffray Companies assumed coverage on Crowdstrike in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $70.00 price objective on the stock. Robert W. Baird lowered their price objective on Crowdstrike from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Finally, Credit Suisse Group lifted their price objective on Crowdstrike from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.09.

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