Insider Selling: 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 dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at $87,641,035.90. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CrowdStrike Trading Down 1.3 %

NASDAQ CRWD opened at $366.56 on Friday. The firm’s 50 day moving average price is $388.15 and its two-hundred day moving average price is $347.35. 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 twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market cap of $90.86 billion, a price-to-earnings ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at about $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during 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 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 purchased a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Truist Financial upped their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Robert W. Baird cut their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $400.26.

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.