CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $2,026,000.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CrowdStrike Stock Performance

CRWD stock traded up $9.29 during mid-day trading on Friday, reaching $377.90. 3,378,070 shares of the stock traded hands, compared to its average volume of 4,998,906. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $380.13 and a two-hundred day moving average of $354.82. The firm has a market capitalization of $93.67 billion, a PE ratio of 740.99, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Analysts Set New Price Targets

Several research firms have issued reports on CRWD. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. UBS Group reduced their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $400.88.

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Institutional Trading of CrowdStrike

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position 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. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquired a new stake in CrowdStrike in the 4th quarter worth $1,111,542,000. Finally, Northern Trust Corp increased its holdings in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares during the period. Institutional investors own 71.16% of the company's stock.

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.