Anurag Saha Sells 2,141 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the sale, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, March 21st, Anurag Saha sold 1,496 shares of CrowdStrike stock. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52.
• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82.

CrowdStrike Trading Down 1.3 %

NASDAQ CRWD opened at $366.56 on Friday. The stock has a 50-day moving average of $388.15 and a 200-day moving average of $347.35. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm has a market cap of $90.86 billion, a PE ratio of 718.76, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Canaccord Genuity Group increased their target price 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. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a report on Tuesday, March 18th. Finally, Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $400.26.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fire Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $488,000. Mascagni Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter worth $159,000. 111 Capital purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $764,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of CrowdStrike during the fourth quarter valued at about $27,016,000. Finally, Centaurus Financial Inc. boosted its holdings in shares of CrowdStrike by 62.0% during the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 71.16% of the company’s stock.

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.