CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz Sells 22,449 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CrowdStrike Trading Up 3.3 %

Shares of CRWD opened at $384.95 on Wednesday. The stock’s fifty day simple moving average is $387.90 and its 200-day simple moving average is $347.04. The firm has a market capitalization of $95.42 billion, a PE ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC grew its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth $34,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. DA Davidson raised their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. UBS Group decreased their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.26.

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.