Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $536,495.52 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Anurag Saha also recently made the following trade(s):

• On Monday, March 24th, Anurag Saha sold 2,141 shares of CrowdStrike stock. The shares were sold at an average price of $371.79, for a total value of $796,002.39.
• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82.

CrowdStrike Stock Down 1.3 %

Shares of CRWD opened at $366.56 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. 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 PE ratio of 718.76, a P/E/G ratio of 17.86 and a beta of 1.19. The business has a fifty day moving average of $388.15 and a 200 day moving average of $347.35.

Institutional Investors Weigh In On CrowdStrike

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CRWD shares. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Evercore ISI lifted their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Bank of America raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Truist Financial increased their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

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.