Burt W. Podbere Sells 13,529 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the transaction, the chief financial officer now directly owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CrowdStrike Stock Performance

CRWD stock opened at $371.41 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The business’s fifty day moving average is $388.08 and its 200-day moving average is $347.22. The company has a market cap of $92.06 billion, a P/E ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC raised its position in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares during the period. Jacobi Capital Management LLC increased its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC boosted its position in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD grew its holdings in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRWD shares. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Evercore ISI upped their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Rosenblatt Securities restated a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company upped their price objective on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating 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 one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.