Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells 55,556 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $8,052,007.32.

CrowdStrike Stock Down 4.2 %

Shares of CRWD traded down $17.90 during mid-day trading on Friday, reaching $410.73. The company's stock had a trading volume of 4,689,624 shares, compared to its average volume of 5,102,060. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. 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 cap of $101.81 billion, a price-to-earnings ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business has a fifty day moving average of $376.01 and a 200 day moving average of $370.19.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC boosted its stake in shares of 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 buying an additional 1,144,295 shares during the period. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new position in shares of CrowdStrike during the 4th quarter valued at $1,111,542,000. Finally, Goldman Sachs Group Inc. increased its position in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Thursday. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Morgan Stanley cut their price target on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Roth Capital assumed coverage on CrowdStrike in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.

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.