Gerhard Watzinger Sells 10,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CrowdStrike Trading Down 7.4 %

NASDAQ:CRWD opened at $321.63 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a 50-day moving average price of $386.18 and a two-hundred day moving average price of $351.38. 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 firm has a market cap of $79.72 billion, a price-to-earnings ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Morgan Stanley set a $429.00 price target on CrowdStrike in a research note on Tuesday, March 18th. Stifel Nicolaus reduced their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Canaccord Genuity Group increased their target price on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. boosted its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the fourth quarter worth about $34,000. Finally, Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.