CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas Sells 13,543 Shares

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CrowdStrike Stock Up 3.3 %

NASDAQ CRWD opened at $384.95 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $95.42 billion, a price-to-earnings ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average of $387.90 and a 200-day moving average of $347.04. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWD. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Mizuho raised their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Robert W. Baird cut their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $400.26.

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.