CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi Sells 6,250 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CrowdStrike Stock Up 3.4 %

Shares of NASDAQ:CRWD traded up $11.68 during trading on Friday, hitting $359.02. The company’s stock had a trading volume of 2,660,567 shares, compared to its average volume of 2,688,634. The company has a market capitalization of $88.43 billion, a PE ratio of 703.97, a PEG ratio of 19.48 and a beta of 1.11. 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 50-day moving average price is $345.55 and its two-hundred day moving average price is $315.11. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWD. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Robert W. Baird lifted their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.63.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the last quarter. Castleview Partners LLC acquired a new position in CrowdStrike in the third quarter valued at approximately $32,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike during the second quarter valued at approximately $33,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.