Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells 10,000 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the transaction, the director now owns 39,500 shares of the company's stock, valued at approximately $18,525,500. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, May 5th, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $449.00, for a total transaction of $4,490,000.00.
• 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 transaction of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The shares were 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 Down 2.1%

NASDAQ:CRWD traded down $10.02 on Thursday, hitting $458.81. 3,323,327 shares of the stock were exchanged, compared to its average volume of 5,118,217. The stock has a market capitalization of $113.73 billion, a price-to-earnings ratio of 899.65, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $475.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company's 50-day moving average price is $400.84 and its 200 day moving average price is $382.00.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Brighton Jones LLC increased its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after acquiring an additional 2,417 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of CrowdStrike by 15.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,927 shares of the company's stock valued at $1,002,000 after purchasing an additional 383 shares during the period. Drive Wealth Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $206,000. PFG Investments LLC grew its position in shares of CrowdStrike by 2.0% in the 4th quarter. PFG Investments LLC now owns 5,041 shares of the company's stock valued at $1,725,000 after purchasing an additional 101 shares during the period. Finally, Blue Trust Inc. grew its position in shares of CrowdStrike by 13.0% in the 4th quarter. Blue Trust Inc. now owns 3,452 shares of the company's stock valued at $1,181,000 after purchasing an additional 397 shares during the period. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens assumed coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective for the company. Finally, 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 note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $407.29.

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.