CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells $8,052,007.32 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CrowdStrike Trading Down 3.5 %

CrowdStrike stock opened at $371.41 on Thursday. The company has a 50 day moving average price of $388.08 and a 200 day moving average price of $347.22. 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 $455.59. The firm has a market capitalization of $92.06 billion, a price-to-earnings ratio of 728.27, a P/E/G ratio of 17.86 and a beta of 1.19.

Analyst Ratings Changes

Several equities analysts have recently commented on CRWD shares. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson upped their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus decreased their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $400.26.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently modified their holdings of the business. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth about $27,000. Fortitude Family Office LLC lifted 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 worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its position 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 purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.