Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells 1,496 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Anurag Saha also recently made the following trade(s):

• On Monday, March 24th, Anurag Saha sold 2,141 shares of CrowdStrike stock. The stock was sold at an average price of $371.79, for a total value of $796,002.39.
• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $371.41 on Thursday. The business has a 50 day moving average price of $388.08 and a 200 day moving average price of $347.22. The company has a market capitalization of $92.06 billion, a P/E ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC lifted its holdings in shares of CrowdStrike by 112.8% in 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 shares of CrowdStrike by 811.1% in 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 during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several recent analyst reports. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson lifted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna raised their price objective on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.