CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $6,990,080.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 16,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $410.73 on Friday. The company has a market capitalization of $101.81 billion, a PE ratio of 805.37, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week 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 50 day simple moving average of $376.01 and a two-hundred day simple moving average of $369.70.

Institutional Trading of CrowdStrike

Institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 during the period. Finally, Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $27,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWD. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective on the stock in a report on Tuesday, March 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, JMP Securities boosted their price target on CrowdStrike from $400.00 to $500.00 and gave the company a “market outperform” rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $403.20.

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.