Sameer K. Gandhi Sells 7,880 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sameer K. Gandhi sold 7,880 shares of CrowdStrike stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $427.59, for a total value of $3,369,409.20. Following the transaction, the director now directly owns 797,712 shares in the company, valued at approximately $341,093,674.08. This trade represents a 0.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CrowdStrike Stock Up 0.7 %

Shares of NASDAQ:CRWD opened at $434.63 on Thursday. The company has a market capitalization of $107.05 billion, a PE ratio of 852.23, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day moving average is $371.79 and its 200-day moving average is $319.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $437.60.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. State Street Corp increased its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Finally, Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter valued at about $1,111,542,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CRWD shares. Truist Financial boosted their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Stifel Nicolaus lifted their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald raised their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $376.00.

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.