Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Sells $4,236,400.74 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CFO Burt W. Podbere sold 11,154 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $379.81, for a total transaction of $4,236,400.74. Following the completion of the sale, the chief financial officer now owns 297,650 shares of the company’s stock, valued at $113,050,446.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CrowdStrike Price Performance

CRWD stock opened at $387.29 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $337.67 and its 200 day simple moving average is $312.01. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $394.64. The firm has a market cap of $94.25 billion, a price-to-earnings ratio of 730.75, a PEG ratio of 19.36 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWD. TD Cowen upped their target price on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Wedbush dropped their target price on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Oppenheimer upped their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Susquehanna boosted their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research report on Thursday, March 7th. Finally, BTIG Research cut their target price on CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $380.62.

Institutional Investors Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently made changes to their positions in the business. Saturna Capital Corp boosted its holdings in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after buying an additional 33 shares in the last quarter. Shepherd Financial Partners LLC grew its holdings in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New increased its stake in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of CrowdStrike by 2.2% during the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after purchasing an additional 39 shares during the period. Finally, Albion Financial Group UT boosted its position in shares of CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

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.