CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi Sells 6,250 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $359.02 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50-day moving average of $345.55 and a two-hundred day moving average of $315.11. The stock has a market cap of $88.43 billion, a P/E ratio of 703.97, a PEG ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Natixis Advisors LLC boosted its position in CrowdStrike by 6.4% in the 2nd quarter. Natixis Advisors LLC now owns 35,416 shares of the company’s stock valued at $13,571,000 after buying an additional 2,124 shares during the last quarter. Founders Financial Securities LLC boosted its position in CrowdStrike by 7.5% in the 2nd quarter. Founders Financial Securities LLC now owns 1,594 shares of the company’s stock valued at $611,000 after buying an additional 111 shares during the last quarter. Cozad Asset Management Inc. bought a new position in shares of CrowdStrike during the second quarter worth about $323,000. Simon Quick Advisors LLC lifted its position in shares of CrowdStrike by 8.1% during the second quarter. Simon Quick Advisors LLC now owns 879 shares of the company’s stock worth $337,000 after purchasing an additional 66 shares during the last quarter. Finally, Stablepoint Partners LLC bought a new position in shares of CrowdStrike during the second quarter worth about $985,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. JMP Securities reissued a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Barclays lifted their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Rosenblatt Securities lifted their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Robert W. Baird lifted their price objective on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $365.63.

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.