CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger Sells 10,500 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,500 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $409.00, for a total transaction of $4,294,500.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $17,337,919. The trade was a 19.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 Stock Up 1.6 %

Shares of NASDAQ:CRWD traded up $6.99 during midday trading on Thursday, hitting $435.86. 1,656,337 shares of the company's stock traded hands, compared to its average volume of 5,050,708. The firm's fifty day moving average price is $369.76 and its two-hundred day moving average price is $363.75. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 has a market cap of $108.04 billion, a PE ratio of 853.04, a P/E/G ratio of 17.86 and a beta of 1.28.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% during 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 period. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Stephens began coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective for the company. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Finally, BMO Capital Markets lifted their price target on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $400.76.

About CrowdStrike

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.