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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction on 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 directly owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

CrowdStrike Trading Down 7.4 %

Shares of NASDAQ CRWD traded down $25.76 during mid-day trading on Friday, hitting $321.63. The stock had a trading volume of 7,015,170 shares, compared to its average volume of 4,917,032. The business has a 50 day moving average price of $387.24 and a two-hundred day moving average price of $351.01. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market cap of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Evercore ISI lifted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Needham & Company LLC reiterated a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Jefferies Financial Group cut their price target on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Monday. Finally, DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $400.88.

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Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth $27,000. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC raised its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

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.