George Kurtz Sells 56,279 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 56,279 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

George Kurtz also recently made the following trade(s):

• On Thursday, March 21st, George Kurtz sold 78,080 shares of CrowdStrike stock. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $312.55 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52 week low of $125.40 and a 52 week high of $365.00. The firm’s 50 day moving average is $313.23 and its two-hundred day moving average is $275.18. The firm has a market capitalization of $75.60 billion, a P/E ratio of 868.22, a P/E/G ratio of 12.41 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. Research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Shepherd Financial Partners LLC grew its position in shares of CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares during the last quarter. Cigna Investments Inc. New boosted its stake in shares of CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after buying an additional 38 shares during the period. Venturi Wealth Management LLC grew 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 worth $582,000 after buying an additional 39 shares during the last quarter. Albion Financial Group UT increased its position in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares during the period. Finally, Pier 88 Investment Partners LLC raised its stake in CrowdStrike by 0.9% during the 4th quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after acquiring an additional 40 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. Truist Financial upped their price target on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus upped their price objective on CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Scotiabank raised their target price on CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 6th. Raymond James initiated coverage on CrowdStrike in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target on the stock. Finally, TD Cowen raised their price objective on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Company Profile

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.