Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells 1,662 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CrowdStrike Price Performance

Shares of CRWD stock opened at $387.29 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64. The stock’s 50-day moving average is $337.67 and its 200 day moving average is $312.01. The company has a market cap of $94.25 billion, a P/E ratio of 730.75, a PEG ratio of 19.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent analyst reports. BTIG Research cut their price target on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Scotiabank cut their price target on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a research note on Wednesday, June 5th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. Wells Fargo & Company raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $380.62.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OMC Financial Services LTD purchased a new stake in CrowdStrike in the first quarter valued at about $3,459,000. Soltis Investment Advisors LLC raised its position in CrowdStrike by 5.7% during the first quarter. Soltis Investment Advisors LLC now owns 1,167 shares of the company’s stock valued at $374,000 after acquiring an additional 63 shares in the last quarter. Cetera Advisor Networks LLC raised its position in CrowdStrike by 25.3% during the first quarter. Cetera Advisor Networks LLC now owns 78,389 shares of the company’s stock valued at $25,131,000 after acquiring an additional 15,836 shares in the last quarter. PGGM Investments raised its position in CrowdStrike by 462.2% during the first quarter. PGGM Investments now owns 9,569 shares of the company’s stock valued at $3,068,000 after acquiring an additional 7,867 shares in the last quarter. Finally, Burney Co. purchased a new position in CrowdStrike during the first quarter valued at approximately $1,342,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Company Profile

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.