CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $6,990,080.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer now directly owns 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CrowdStrike Stock Down 4.2 %

NASDAQ:CRWD traded down $17.90 during trading hours on Friday, reaching $410.73. The company had a trading volume of 4,689,624 shares, compared to its average volume of 5,102,060. The business's 50-day simple moving average is $376.01 and its two-hundred day simple moving average is $370.19. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market cap of $101.81 billion, a price-to-earnings ratio of 805.37, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Wells Fargo & Company boosted their price objective on CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Canaccord Genuity Group increased their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Barclays decreased their price objective on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $403.20.

Institutional Trading of CrowdStrike

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC increased its stake in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter valued at $1,111,542,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.