CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $667,810.98 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Anurag Saha also recently made the following trade(s):

• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82.

CrowdStrike Stock Performance

Shares of CRWD traded down $0.71 during mid-day trading on Thursday, reaching $365.08. The company had a trading volume of 1,231,441 shares, compared to its average volume of 4,899,705. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The stock has a 50 day moving average of $340.37 and a two-hundred day moving average of $316.02. The stock has a market capitalization of $89.92 billion, a P/E ratio of 715.86, a PEG ratio of 19.48 and a beta of 1.11.

Analysts Set New Price Targets

Several research firms have commented on CRWD. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. DA Davidson reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. Piper Sandler upped their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $364.25.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. Garden State Investment Advisory Services LLC acquired a new stake in CrowdStrike during the third quarter valued at $446,000. Oddo BHF Asset Management Sas purchased a new stake in shares of CrowdStrike during the 3rd quarter worth about $2,975,000. Tri Ri Asset Management Corp acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at about $5,456,000. Peapack Gladstone Financial Corp purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $497,000. Finally, Tidal Investments LLC raised its holdings in CrowdStrike by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock worth $6,959,000 after purchasing an additional 1,740 shares during the period. 71.16% of the stock is currently 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.