CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now owns 62,891 shares of the company's stock, valued at approximately $22,613,716.87. This trade represents a 13.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CrowdStrike Stock Down 6.5 %
CRWD opened at $347.39 on Friday. The stock's fifty day moving average is $387.24 and its 200-day moving average is $351.01. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a market capitalization of $86.11 billion, a PE ratio of 681.17, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.
Wall Street Analysts Forecast Growth
CRWD has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. DA Davidson raised their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Truist Financial cut their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday. BMO Capital Markets lifted their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $400.88.
Read Our Latest Research Report on CRWD
Institutional Investors Weigh In On CrowdStrike
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. State Street Corp grew its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CrowdStrike during the 4th quarter worth $1,111,542,000. 71.16% of the stock is owned by institutional investors and hedge funds.
About CrowdStrike
(
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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.
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