CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $4,490,000.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the transaction, the director now owns 49,500 shares of the company's stock, valued at $22,225,500. This represents a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gerhard Watzinger also recently made the following trade(s):

• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The shares were sold at an average price of $409.00, for a total value of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00.
• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00.

CrowdStrike Trading Up 1.4 %

NASDAQ CRWD traded up $6.11 on Thursday, hitting $428.63. 3,616,347 shares of the stock were exchanged, compared to its average volume of 5,070,146. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The firm has a market capitalization of $106.25 billion, a P/E ratio of 840.47, a P/E/G ratio of 17.86 and a beta of 1.22. The stock has a fifty day moving average price of $374.68 and a two-hundred day moving average price of $368.18.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent analyst reports. Mizuho increased their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. UBS Group decreased their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America boosted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. IFG Advisory LLC lifted its stake in CrowdStrike by 156.0% in the first quarter. IFG Advisory LLC now owns 4,817 shares of the company's stock worth $1,698,000 after purchasing an additional 2,935 shares during the last quarter. SPC Financial Inc. raised its holdings in shares of CrowdStrike by 3.3% in the first quarter. SPC Financial Inc. now owns 1,105 shares of the company's stock worth $390,000 after buying an additional 35 shares during the period. Signature Wealth Management Partners LLC raised its holdings in shares of CrowdStrike by 21.1% in the first 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 during the period. Baker Avenue Asset Management LP purchased a new position in CrowdStrike during the 1st quarter valued at $279,000. Finally, US Bancorp DE boosted its holdings in CrowdStrike by 5.9% during 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 during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.