CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere Sells 13,529 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $384.95 on Wednesday. The firm has a 50 day moving average of $387.90 and a 200 day moving average of $347.04. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $95.42 billion, a price-to-earnings ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Fire Capital Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at about $488,000. Mascagni Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $159,000. 111 Capital bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $764,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $27,016,000. Finally, Centaurus Financial Inc. raised its stake in shares of CrowdStrike by 62.0% during the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,207 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Stifel Nicolaus dropped 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. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.26.

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.