Gerhard Watzinger Sells 2,600 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 2,600 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00. Following the completion of the sale, the director now owns 60,291 shares of the company’s stock, valued at $22,846,068.63. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gerhard Watzinger also recently made the following trade(s):

• On Tuesday, April 1st, Gerhard Watzinger sold 10,000 shares of CrowdStrike stock. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00.

CrowdStrike Stock Down 3.3 %

Shares of NASDAQ:CRWD traded down $12.96 during trading hours on Wednesday, hitting $379.84. The company’s stock had a trading volume of 4,181,583 shares, compared to its average volume of 5,022,264. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s fifty day moving average price is $378.80 and its 200 day moving average price is $356.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a market capitalization of $94.15 billion, a price-to-earnings ratio of 744.80, a P/E/G ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

Several research firms recently commented on CRWD. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush lifted their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Finally, Barclays reduced their price target on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.53.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.