CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $2,183,375.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

CrowdStrike Trading Up 0.2 %

CrowdStrike stock opened at $365.65 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The stock has a market cap of $89.63 billion, a PE ratio of 716.97, a price-to-earnings-growth ratio of 18.78 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. The stock has a 50-day moving average of $321.32 and a two-hundred day moving average of $313.67.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. Bank of New York Mellon Corp grew its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Susquehanna increased their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Truist Financial increased their price target on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $355.80.

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.