Burt W. Podbere Sells 13,529 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the sale, the chief financial officer now owns 244,739 shares in the company, valued at $87,641,035.90. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CrowdStrike Trading Up 3.3 %

Shares of CRWD stock opened at $384.95 on Wednesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s fifty day moving average is $387.90 and its two-hundred day moving average is $347.04. The firm has a market capitalization of $95.42 billion, a P/E ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the business. Berbice Capital Management LLC purchased a new position in CrowdStrike in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% during 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 last quarter. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James downgraded CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Canaccord Genuity Group boosted their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Morgan Stanley began coverage on CrowdStrike in a research note on Tuesday, March 18th. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

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.