CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $6,990,080.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 16,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer now directly owns 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CrowdStrike Price Performance

CRWD opened at $410.73 on Friday. 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 stock has a market capitalization of $101.81 billion, a P/E ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company’s 50 day simple moving average is $376.01 and its 200-day simple moving average is $369.70. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Hedge Funds Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares during the period. Jennison Associates LLC raised its position in shares of 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. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter worth $1,111,542,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after purchasing an additional 760,222 shares during the period. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRWD. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Roth Capital assumed coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $410.00 price objective for the company. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Barclays decreased their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $403.20.

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.