CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz 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 stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CrowdStrike Stock Performance

Shares of CRWD opened at $365.08 on Friday. The firm has a market cap of $89.92 billion, a P/E ratio of 715.86, a PEG ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. 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’s 50 day moving average price is $341.47 and its two-hundred day moving average price is $316.36.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRWD. Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Stifel Nicolaus raised their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Argus cut their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, UBS Group decreased their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.25.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the 2nd quarter worth about $25,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike during the second quarter worth about $33,000. Fairfield Financial Advisors LTD acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $38,000. Strategic Investment Solutions Inc. IL bought a new stake in CrowdStrike in the 2nd quarter valued at approximately $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. 71.16% of the stock is owned by 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.