CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger Sells 2,600 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $378.93, for a total transaction of $985,218.00. Following the completion of the transaction, the director now directly owns 60,291 shares in the company, valued at approximately $22,846,068.63. The trade was a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gerhard Watzinger also recently made the following trade(s):

• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00.

CrowdStrike Stock Down 1.1 %

CrowdStrike stock traded down $4.22 during mid-day trading on Friday, reaching $375.62. The stock had a trading volume of 2,091,665 shares, compared to its average volume of 5,040,884. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock's 50-day simple moving average is $375.78 and its 200-day simple moving average is $358.81. The firm has a market capitalization of $93.11 billion, a PE ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wolf Group Capital Advisors purchased a new position in shares of CrowdStrike in the 1st quarter worth about $309,000. Cornerstone Wealth Management LLC raised its position in CrowdStrike by 6.5% in the first quarter. Cornerstone Wealth Management LLC now owns 1,984 shares of the company's stock worth $700,000 after acquiring an additional 121 shares during the period. Shepherd Financial Partners LLC boosted its stake in CrowdStrike by 3.3% in the first quarter. Shepherd Financial Partners LLC now owns 3,895 shares of the company's stock valued at $1,373,000 after acquiring an additional 125 shares during the last quarter. Clarius Group LLC grew its position in shares of CrowdStrike by 15.1% during the 1st quarter. Clarius Group LLC now owns 1,046 shares of the company's stock valued at $369,000 after acquiring an additional 137 shares during the period. Finally, Hemenway Trust Co LLC grew its position in shares of CrowdStrike by 0.4% during the 1st quarter. Hemenway Trust Co LLC now owns 7,047 shares of the company's stock valued at $2,485,000 after acquiring an additional 30 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities restated a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Barclays cut their target price 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. Citigroup reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Westpark Capital reaffirmed a "hold" 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 given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $400.53.

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.