Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $4,844,734.90 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 13,529 shares of the business’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 sale, the chief financial officer now directly owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $366.56 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm’s 50-day moving average price is $388.15 and its two-hundred day moving average price is $347.35. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $90.86 billion, a price-to-earnings ratio of 718.76, a P/E/G ratio of 17.86 and a beta of 1.19.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $11,310,000. Arcadia Investment Management Corp MI grew its holdings in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares during the last quarter. Greenleaf Trust increased its position in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after purchasing an additional 13,323 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Evercore ISI upped their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $400.26.

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.