CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $3,369,409.20 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 7,880 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $427.59, for a total transaction of $3,369,409.20. Following the sale, the director now owns 797,712 shares in the company, valued at $341,093,674.08. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $453.77 on Friday. The business’s 50-day simple moving average is $373.20 and its 200-day simple moving average is $319.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $454.13. The firm has a market cap of $111.77 billion, a price-to-earnings ratio of 889.76, a P/E/G ratio of 17.22 and a beta of 1.16.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. boosted its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Finally, Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter worth about $28,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several recent analyst reports. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. BMO Capital Markets upped their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $376.00.

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.