George Kurtz Sells 22,449 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the transaction, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CrowdStrike Stock Performance

Shares of CRWD opened at $371.41 on Thursday. The company has a market capitalization of $92.06 billion, a price-to-earnings ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50 day simple moving average is $388.08 and its 200 day simple moving average is $347.22.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a report on Tuesday, March 18th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a report on Wednesday, November 27th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Barclays dropped their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial raised their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC lifted its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.