CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz Sells 55,556 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

George Kurtz also recently made the following trade(s):

• On Friday, March 21st, George Kurtz sold 22,449 shares of CrowdStrike stock. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32.

CrowdStrike Price Performance

CRWD stock traded up $6.11 during trading on Thursday, hitting $428.63. The company had a trading volume of 3,616,347 shares, compared to its average volume of 5,070,146. The business has a 50 day moving average of $374.68 and a 200 day moving average of $368.18. The firm has a market capitalization of $106.25 billion, a price-to-earnings ratio of 840.47, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week 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.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp lowered their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. JMP Securities upped their price objective on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research report on Monday. Bank of America lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $403.20.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 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.