CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $3,595,700.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now directly owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. This trade represents a 13.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $371.49 on Thursday. The stock has a market capitalization of $92.08 billion, a price-to-earnings ratio of 728.43, a price-to-earnings-growth 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 has a 50-day simple moving average of $387.85 and a 200-day simple moving average of $351.03. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Kera Capital Partners Inc. boosted its holdings in CrowdStrike by 4.2% in the 1st quarter. Kera Capital Partners Inc. now owns 874 shares of the company’s stock valued at $308,000 after purchasing an additional 35 shares during the last quarter. Modus Advisors LLC raised its position in shares of CrowdStrike by 12.6% during the 1st quarter. Modus Advisors LLC now owns 6,493 shares of the company’s stock valued at $2,289,000 after buying an additional 727 shares during the period. Neville Rodie & Shaw Inc. lifted its holdings in CrowdStrike by 16.5% in the first quarter. Neville Rodie & Shaw Inc. now owns 6,618 shares of the company’s stock valued at $2,333,000 after acquiring an additional 935 shares during the last quarter. Fire Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth approximately $488,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in CrowdStrike during the fourth quarter worth $159,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays lowered their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Stephens assumed coverage on CrowdStrike in a research report on Tuesday. They set an “overweight” rating and a $450.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $400.88.

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.