CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells $24,863,532.24 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47 % decrease in their position. The transaction was disclosed in a legal 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 %

Shares of CrowdStrike stock opened at $443.21 on Wednesday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a market capitalization of $109.86 billion, a PE ratio of 869.06, a P/E/G ratio of 17.86 and a beta of 1.22. 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 business has a 50-day moving average of $374.02 and a 200-day moving average of $367.80.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Bank of America upped their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $403.20.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. Jennison Associates LLC boosted its stake in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC boosted its stake in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC grew its holdings in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after acquiring an additional 1,017,678 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth about $237,375,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.