Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO Sells 18,071 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

CrowdStrike Stock Down 2.8 %

NASDAQ:CRWD opened at $354.99 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The firm has a market capitalization of $87.44 billion, a price-to-earnings ratio of 696.07, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $342.36 and its two-hundred day moving average price is $315.74.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted its stake in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the period. Assenagon Asset Management S.A. increased its position in CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the last quarter. Finally, State Street Corp raised its stake in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Rosenblatt Securities boosted their target price on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Robert W. Baird raised their price target on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $364.25.

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.