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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction 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 owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The sale was disclosed in a filing with the SEC, which is available at this link.

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 Price Performance

CRWD opened at $386.76 on Wednesday. The company’s 50 day simple moving average is $335.94 and its 200 day simple moving average is $311.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $394.64. The stock has a market capitalization of $94.12 billion, a PE ratio of 729.75, a P/E/G ratio of 19.02 and a beta of 1.08.

Analyst Ratings Changes

A number of analysts recently weighed in on CRWD shares. DA Davidson decreased their price target on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. BTIG Research decreased their price target on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Rosenblatt Securities increased their price target on shares of CrowdStrike from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. TD Cowen increased their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Friday, June 21st. One 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. According to MarketBeat.com, CrowdStrike has a consensus rating of “Buy” and an average price target of $380.62.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the stock. CVA Family Office LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated acquired a new position in CrowdStrike during the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike during the fourth quarter valued at approximately $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the first quarter valued at approximately $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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.