Michael Sentonas Sells 13,543 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 13,543 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CrowdStrike Stock Down 3.5 %

CRWD stock opened at $371.41 on Thursday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year 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 company has a fifty day moving average of $388.08 and a 200-day moving average of $347.22. The stock has a market capitalization of $92.06 billion, a PE ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Pathstone Holdings LLC lifted its holdings in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth $237,375,000. Voya Investment Management LLC grew its stake in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after purchasing an additional 582,471 shares during the period. Finally, Amundi increased its holdings in shares of CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after purchasing an additional 408,190 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWD. Truist Financial increased their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna upped their price objective on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, KeyCorp cut their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.