CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $4,490,000.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the completion of the sale, the director now directly owns 49,500 shares in the company, valued at approximately $22,225,500. The trade was a 16.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, April 24th, Gerhard Watzinger sold 10,500 shares of CrowdStrike stock. The shares were sold at an average price of $409.00, for a total transaction of $4,294,500.00.
• On Monday, April 14th, Gerhard Watzinger sold 2,600 shares of CrowdStrike stock. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00.
• 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 Price Performance

CRWD stock opened at $428.63 on Friday. The stock’s 50 day moving average is $375.60 and its two-hundred day moving average is $369.00. 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 $106.25 billion, a PE ratio of 840.47, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JMP Securities upped their price objective on CrowdStrike from $400.00 to $500.00 and gave the company a “market outperform” rating in a research report on Monday. BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Roth Capital assumed coverage on shares of CrowdStrike in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $410.00 price objective for the company. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Truist Financial cut their price target on CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a report on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $403.20.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC lifted its position in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC increased its position in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after acquiring an additional 25 shares during the period. Close Asset Management Ltd grew its stake in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after acquiring an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. increased its position in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after acquiring an additional 25 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

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.