Burt W. Podbere Sells 11,217 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 11,217 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the sale, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CrowdStrike Stock Down 2.8 %

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

Hedge Funds Weigh In On CrowdStrike

Several hedge funds have recently bought and sold shares of CRWD. Jennison Associates LLC increased its stake in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in CrowdStrike by 1,655.9% during 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 during the period. Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 248.6% during 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 boosted its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. BNP Paribas began coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Truist Financial raised their price objective on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target 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.