CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger Sells 10,000 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $449.00, for a total value of $4,490,000.00. Following the sale, the director now directly owns 49,500 shares of the company’s stock, valued at $22,225,500. This represents a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The stock was sold at an average price of $409.00, for a total value 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 transaction of $3,595,700.00.

CrowdStrike Stock Performance

CrowdStrike stock opened at $410.73 on Friday. The firm has a fifty day simple moving average of $376.01 and a two-hundred day simple moving average of $369.70. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market capitalization of $101.81 billion, a PE ratio of 805.37, a P/E/G ratio of 17.86 and a beta of 1.22. 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 Analyst Weigh In

A number of analysts recently commented on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Truist Financial decreased their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a report on Monday, March 31st. Morgan Stanley reduced their target price on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Bank of America lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $403.20.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of CRWD. Belvedere Trading LLC purchased a new position in CrowdStrike in the 1st quarter worth approximately $421,000. Ontario Teachers Pension Plan Board purchased a new position in shares of CrowdStrike in the first quarter worth $595,000. Chicago Partners Investment Group LLC boosted its position in CrowdStrike by 5.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,252 shares of the company’s stock valued at $1,147,000 after buying an additional 182 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CrowdStrike by 11.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,581,236 shares of the company’s stock worth $557,512,000 after acquiring an additional 162,161 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of CrowdStrike in the first quarter valued at about $5,570,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.