Anurag Saha Sells 2,858 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at $13,916,242.29. The trade was a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Anurag Saha also recently made the following trade(s):

• On Monday, December 23rd, Anurag Saha sold 1,863 shares of CrowdStrike stock. The shares were sold at an average price of $358.46, for a total value of $667,810.98.

CrowdStrike Stock Down 2.8 %

NASDAQ:CRWD opened at $354.99 on Friday. The firm has a market capitalization of $87.44 billion, a PE ratio of 696.07, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The stock has a 50 day moving average of $342.36 and a 200-day moving average of $316.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC grew its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC grew its holdings in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp grew its holdings in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRWD shares. Needham & Company LLC lifted their target price on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada reduced their target price on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Stifel Nicolaus boosted their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $364.25.

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.