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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $145,351,554.96. This represents a 3.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CrowdStrike Stock Up 3.3 %

Shares of CRWD traded up $12.31 on Tuesday, reaching $384.95. The company’s stock had a trading volume of 4,255,664 shares, compared to its average volume of 4,778,697. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market capitalization of $95.42 billion, a PE ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19. 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 firm has a fifty day moving average of $387.90 and a 200-day moving average of $347.04.

Institutional Trading of CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of CRWD. Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Pathstone Holdings LLC boosted its holdings in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CrowdStrike during the 4th quarter worth $237,375,000. Voya Investment Management LLC grew its stake in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Finally, Amundi raised its holdings in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after purchasing an additional 408,190 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.