CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz Sells 55,556 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

George Kurtz also recently made the following trade(s):

• On Friday, March 21st, George Kurtz sold 22,449 shares of CrowdStrike stock. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32.

CrowdStrike Stock Down 0.1 %

CRWD stock opened at $443.21 on Wednesday. The company’s 50 day moving average is $374.02 and its two-hundred day moving average is $367.80. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $109.86 billion, a P/E ratio of 869.06, a PEG ratio of 17.86 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, KeyCorp reduced their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.20.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Finally, FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.