Sameer K. Gandhi Sells 17,120 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CrowdStrike Stock Up 0.7 %

Shares of NASDAQ:CRWD opened at $434.63 on Thursday. The company has a market capitalization of $107.05 billion, a PE ratio of 852.23, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $437.60. 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 business has a fifty day moving average price of $371.79 and a two-hundred day moving average price of $319.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth about $1,111,542,000. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted 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 purchasing an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of CrowdStrike during the fourth quarter worth about $237,375,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. CICC Research started coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, KeyCorp boosted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have given 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 $376.00.

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.