CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $4,490,000.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $449.00, for a total value of $4,490,000.00. Following the transaction, the director now directly owns 49,500 shares of the company’s stock, valued at $22,225,500. The trade was a 16.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gerhard Watzinger also recently made the following trade(s):

• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The shares were sold at an average price of $409.00, for a total transaction of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00.
• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $443.21 on Wednesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a 50-day simple moving average of $374.02 and a two-hundred day simple moving average of $367.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $109.86 billion, a PE ratio of 869.06, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC lifted its position in CrowdStrike by 8.5% during the fourth quarter. CWA Asset Management Group LLC now owns 2,437 shares of the company’s stock valued at $834,000 after buying an additional 190 shares during the period. Bank of New Hampshire lifted its position in CrowdStrike by 14.5% during the 4th quarter. Bank of New Hampshire now owns 4,111 shares of the company’s stock valued at $1,407,000 after acquiring an additional 520 shares during the period. Regent Peak Wealth Advisors LLC bought a new stake in CrowdStrike during the fourth quarter worth about $212,000. Fulton Bank N.A. grew its holdings in CrowdStrike by 3.2% in the fourth quarter. Fulton Bank N.A. now owns 2,211 shares of the company’s stock worth $757,000 after purchasing an additional 68 shares during the period. Finally, Fortitude Family Office LLC increased its stake in shares of 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. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent analyst reports. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price target on the stock. Finally, BMO Capital Markets upped their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Two 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $403.20.

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.