Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $536,495.52 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Anurag Saha also recently made the following trade(s):

• On Monday, March 24th, Anurag Saha sold 2,141 shares of CrowdStrike stock. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39.
• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82.

CrowdStrike Trading Down 2.0 %

Shares of NASDAQ CRWD traded down $7.22 during midday trading on Friday, reaching $359.34. The company had a trading volume of 1,125,105 shares, compared to its average volume of 4,763,189. The stock has a market cap of $89.07 billion, a PE ratio of 704.39, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm's fifty day moving average price is $388.15 and its 200-day moving average price is $347.35. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a report on Tuesday. Barclays dropped their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Wedbush lifted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $400.26.

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.