George Kurtz Sells 55,587 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, May 3rd, George Kurtz sold 56,279 shares of CrowdStrike stock. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39.

CrowdStrike Trading Down 1.7 %

CRWD opened at $380.37 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company’s 50 day simple moving average is $335.94 and its two-hundred day simple moving average is $311.52. The firm has a market capitalization of $92.57 billion, a price-to-earnings ratio of 717.68, a price-to-earnings-growth ratio of 19.36 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group upped their target price on CrowdStrike from $400.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Piper Sandler restated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. Wedbush dropped their target price on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. HSBC raised their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Robert W. Baird raised their target price on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Buy” and a consensus price target of $380.62.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth $30,000. CVA Family Office LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike during the fourth quarter worth about $26,000. Future Financial Wealth Managment LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $32,000. Finally, MCF Advisors LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $32,000. Hedge funds and other 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.