CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $3,595,700.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the completion of the transaction, the director now owns 62,891 shares in the company, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CrowdStrike Trading Up 2.5 %

Shares of CRWD stock opened at $371.49 on Thursday. The company has a market cap of $92.08 billion, a PE ratio of 728.43, a price-to-earnings-growth 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 stock’s 50 day simple moving average is $387.85 and its two-hundred day simple moving average is $351.03. 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 Trading of CrowdStrike

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the period. State Street Corp raised its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC lifted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after buying an additional 124,984 shares during the period. Finally, Norges Bank bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWD. Susquehanna lifted their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a report on Tuesday, March 18th. Piper Sandler set a $347.00 price target on CrowdStrike in a research report on Wednesday, March 5th. Finally, Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

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.