CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Sells $592,094.72 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,786 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at $11,387,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 21st, Anurag Saha sold 1,019 shares of CrowdStrike stock. The shares were sold at an average price of $325.80, for a total value of $331,990.20.

CrowdStrike Stock Down 2.4 %

CRWD opened at $322.25 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The firm has a market capitalization of $77.94 billion, a P/E ratio of 895.16, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The company has a fifty day moving average price of $314.16 and a 200-day moving average price of $246.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in CrowdStrike by 17.6% in the second quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock worth $2,360,230,000 after acquiring an additional 2,401,659 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Jennison Associates LLC lifted its position in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Morgan Stanley boosted its stake in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Finally, State Street Corp grew its position in CrowdStrike by 1.6% during the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock valued at $645,179,000 after acquiring an additional 70,484 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRWD. BTIG Research upped their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. DA Davidson lifted their target price on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC raised their price target on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 4th. Raymond James started coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $373.29.

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.