Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Sells 10,801 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $354.99 on Friday. The firm has a market capitalization of $87.44 billion, a PE ratio of 696.07, a P/E/G ratio of 19.48 and a beta of 1.11. The company has a 50 day moving average price of $342.36 and a 200-day moving average price of $315.74. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. 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 analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. BNP Paribas began coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. BMO Capital Markets increased their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.25.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC bought a new stake in shares of CrowdStrike in the second quarter worth $205,000. Whittier Trust Co. grew its stake in shares of CrowdStrike by 55.2% during the 2nd quarter. Whittier Trust Co. now owns 843 shares of the company’s stock valued at $323,000 after purchasing an additional 300 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of CrowdStrike by 23.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 289 shares of the company’s stock valued at $111,000 after purchasing an additional 54 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of CrowdStrike by 305.1% in the second quarter. Crossmark Global Holdings Inc. now owns 12,441 shares of the company’s stock worth $4,767,000 after buying an additional 9,370 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.