Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Sells $4,856,790.66 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction 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. This trade represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $366.56 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $90.86 billion, a price-to-earnings ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19. The firm’s 50 day simple moving average is $388.15 and its 200-day simple moving average is $347.35. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRWD. Needham & Company LLC reissued a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley set a $429.00 price target on CrowdStrike in a research note on Tuesday, March 18th. Barclays lowered their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Mizuho raised their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group upped their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.26.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $27,000. Fortitude Family Office LLC increased 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. raised its holdings in CrowdStrike by 811.1% in 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 purchased a new position in CrowdStrike during the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.