CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $111,413.25 in Stock

Posted by Defense World Staff on Mar 25th, 2023

CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) CAO Anurag Saha sold 845 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $131.85, for a total value of $111,413.25. Following the transaction, the chief accounting officer now owns 32,456 shares of the company’s stock, valued at approximately $4,279,323.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

CrowdStrike Trading Down 2.2 %

Shares of CRWD stock opened at $131.54 on Friday. The firm has a 50 day moving average price of $116.84 and a two-hundred day moving average price of $131.84. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $31.03 billion, a PE ratio of -166.51 and a beta of 1.02. CrowdStrike Holdings, Inc. has a 12-month low of $92.25 and a 12-month high of $242.00.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of CrowdStrike by 2.6% in the third quarter. Victory Capital Management Inc. now owns 338,421 shares of the company’s stock valued at $55,775,000 after buying an additional 8,560 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $32,000. Mutual Advisors LLC raised its position in shares of CrowdStrike by 2.2% in the fourth quarter. Mutual Advisors LLC now owns 10,795 shares of the company’s stock valued at $1,137,000 after buying an additional 236 shares in the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of CrowdStrike by 4.1% in the third quarter. Laurel Wealth Advisors Inc. now owns 2,403 shares of the company’s stock valued at $396,000 after buying an additional 95 shares in the last quarter. Finally, First Hawaiian Bank raised its position in shares of CrowdStrike by 3.4% in the third quarter. First Hawaiian Bank now owns 3,410 shares of the company’s stock valued at $562,000 after buying an additional 111 shares in the last quarter. 65.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. Morgan Stanley increased their target price on CrowdStrike from $150.00 to $163.00 and gave the stock an “overweight” rating in a report on Tuesday, March 14th. DA Davidson decreased their price objective on CrowdStrike from $235.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Stephens raised their price objective on CrowdStrike from $161.00 to $173.00 and gave the company an “overweight” rating in a report on Wednesday, March 8th. Wedbush raised their price objective on CrowdStrike from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Finally, Citigroup raised their price objective on CrowdStrike from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 8th. Five equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $173.14.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.