CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells $8,052,007.32 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. The trade was a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

CrowdStrike Stock Performance

CRWD opened at $366.56 on Friday. The firm’s fifty day simple moving average is $388.15 and its two-hundred day simple moving average is $347.35. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a market cap of $90.86 billion, a price-to-earnings ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. Morgan Stanley set a $429.00 target price on CrowdStrike in a report on Tuesday, March 18th. Barclays dropped their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group boosted their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Norges Bank purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Pathstone Holdings LLC lifted its holdings in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CrowdStrike during the 4th quarter worth $237,375,000. Voya Investment Management LLC raised its position in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after buying an additional 582,471 shares during the last quarter. Finally, Amundi lifted its stake in shares of 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 buying an additional 408,190 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other 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.