CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $4,844,734.90 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the sale, the chief financial officer now owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. The trade was a 5.24 % 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 Up 3.3 %

Shares of NASDAQ:CRWD traded up $12.31 during mid-day trading on Tuesday, hitting $384.95. 4,255,664 shares of the company traded hands, compared to its average volume of 4,778,697. The firm has a market cap of $95.42 billion, a P/E ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The firm’s 50 day simple moving average is $387.90 and its 200 day simple moving average is $347.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Institutional Trading of CrowdStrike

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. State Street Corp grew its stake in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Finally, Norges Bank purchased a new position in CrowdStrike in the fourth quarter valued at about $1,111,542,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWD. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Mizuho lifted their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. Finally, BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Company Profile

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.