Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells 17,120 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $2.72 on Tuesday, reaching $431.64. 2,321,899 shares of the company’s stock were exchanged, compared to its average volume of 3,169,684. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $434.78. The business’s 50-day moving average is $370.16 and its two-hundred day moving average is $317.93. 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 firm has a market capitalization of $106.32 billion, a price-to-earnings ratio of 846.37, a PEG ratio of 17.22 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. Bank of America lifted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada lifted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.13.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the period. International Assets Investment Management LLC boosted its position in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $237,375,000. Finally, Amundi lifted its holdings in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.