Burt W. Podbere Sells 16,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer now owns 249,653 shares in the company, valued at approximately $109,068,402.64. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CrowdStrike Trading Up 1.4 %

NASDAQ:CRWD traded up $6.11 on Thursday, reaching $428.63. 3,616,347 shares of the stock traded hands, compared to its average volume of 5,070,146. The firm has a market capitalization of $106.25 billion, a price-to-earnings ratio of 840.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $374.68 and its 200-day moving average is $368.18.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the company. IFG Advisory LLC lifted its stake in shares of CrowdStrike by 156.0% in the 1st quarter. IFG Advisory LLC now owns 4,817 shares of the company's stock valued at $1,698,000 after purchasing an additional 2,935 shares during the period. SPC Financial Inc. lifted its stake in CrowdStrike by 3.3% in the first quarter. SPC Financial Inc. now owns 1,105 shares of the company's stock valued at $390,000 after buying an additional 35 shares during the period. Signature Wealth Management Partners LLC boosted its holdings in shares of CrowdStrike by 21.1% during the 1st quarter. Signature Wealth Management Partners LLC now owns 3,684 shares of the company's stock worth $1,299,000 after buying an additional 643 shares in the last quarter. Baker Avenue Asset Management LP acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $279,000. Finally, US Bancorp DE increased its stake in shares of CrowdStrike by 5.9% in the 1st quarter. US Bancorp DE now owns 82,583 shares of the company's stock valued at $29,117,000 after acquiring an additional 4,613 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of a number of research analyst reports. Jefferies Financial Group restated a "buy" rating on shares of CrowdStrike in a report on Wednesday. Truist Financial decreased their price objective on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JMP Securities upped their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday. Finally, Morgan Stanley cut their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $403.20.

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.