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 stock in a transaction dated Friday, March 21st. The stock was 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 approximately $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CrowdStrike Price Performance

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

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Bank of America boosted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Canaccord Genuity Group upped their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $400.26.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the company. Fire Capital Management LLC bought a new stake in CrowdStrike in the 4th quarter worth approximately $488,000. Mascagni Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $159,000. 111 Capital purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $764,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of CrowdStrike during the 4th quarter valued at $27,016,000. Finally, Centaurus Financial Inc. raised its position in CrowdStrike by 62.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,207 shares during the period. Institutional investors 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.