CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $1,041,140.82 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 23rd, Anurag Saha sold 1,863 shares of CrowdStrike stock. The stock was sold at an average price of $358.46, for a total value of $667,810.98.

CrowdStrike Price Performance

NASDAQ CRWD opened at $354.99 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock’s 50-day moving average is $342.36 and its two-hundred day moving average is $316.22. 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 firm has a market cap of $87.44 billion, a P/E ratio of 696.07, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Citigroup upped their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. BNP Paribas started coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Wedbush set a $330.00 price objective on CrowdStrike in a research report on Thursday, October 17th. Oppenheimer increased their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $364.25.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Garden State Investment Advisory Services LLC bought a new position in CrowdStrike during the third quarter valued at about $446,000. Oddo BHF Asset Management Sas bought a new position in CrowdStrike during the third quarter valued at about $2,975,000. Tri Ri Asset Management Corp bought a new position in CrowdStrike during the third quarter valued at about $5,456,000. Peapack Gladstone Financial Corp bought a new position in CrowdStrike during the third quarter valued at about $497,000. Finally, Tidal Investments LLC grew its position in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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.