CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere Sells 13,529 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CrowdStrike Stock Performance

CrowdStrike stock traded up $12.31 during trading hours on Tuesday, reaching $384.95. 4,255,664 shares of the stock were exchanged, compared to its average volume of 4,778,697. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a market cap of $95.42 billion, a P/E ratio of 754.82, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50 day moving average is $387.90 and its 200 day moving average is $347.04.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Fire Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $488,000. Mascagni Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $159,000. 111 Capital acquired a new position in CrowdStrike during the fourth quarter worth $764,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in CrowdStrike during the fourth quarter worth $27,016,000. Finally, Centaurus Financial Inc. raised its position in CrowdStrike by 62.0% in the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,207 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. Jefferies Financial Group reduced their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Truist Financial raised their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.