Roxanne S. Austin Sells 10,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $4.10 during trading hours on Friday, hitting $383.19. The company’s stock had a trading volume of 8,478,944 shares, compared to its average volume of 4,191,244. The company has a market capitalization of $93.25 billion, a P/E ratio of 737.47, a PEG ratio of 19.04 and a beta of 1.08. The stock has a fifty day simple moving average of $337.67 and a 200-day simple moving average of $312.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $1,228,000. Financial Counselors Inc. raised its stake in shares of CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares during the period. Highland Capital Management LLC increased its position in shares of CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares during the period. Finally, Sara Bay Financial bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $255,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $400.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and set a $425.00 target price on shares of CrowdStrike in a research report on Wednesday, June 5th. UBS Group increased their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Truist Financial increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 5th. 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 stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Buy” and a consensus target price of $380.62.

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.