Burt W. Podbere Sells 11,217 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CrowdStrike Stock Down 2.8 %

CrowdStrike stock opened at $354.99 on Friday. The firm’s 50 day moving average price is $342.36 and its two-hundred day moving average price is $315.74. The firm has a market cap of $87.44 billion, a PE ratio of 696.07, a P/E/G ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth about $205,000. Whittier Trust Co. increased its holdings in CrowdStrike by 55.2% in the second quarter. Whittier Trust Co. now owns 843 shares of the company’s stock worth $323,000 after buying an additional 300 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in CrowdStrike by 23.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 289 shares of the company’s stock valued at $111,000 after acquiring an additional 54 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in CrowdStrike by 305.1% in the second quarter. Crossmark Global Holdings Inc. now owns 12,441 shares of the company’s stock worth $4,767,000 after acquiring an additional 9,370 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC raised their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays increased their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus boosted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $364.25.

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.