Anurag Saha Sells 1,496 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Anurag Saha also recently made the following trade(s):

• On Monday, March 24th, Anurag Saha sold 2,141 shares of CrowdStrike stock. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39.
• On Thursday, December 26th, Anurag Saha sold 2,858 shares of CrowdStrike stock. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $366.56 on Friday. The firm has a market capitalization of $90.86 billion, a P/E ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50-day simple moving average of $388.15 and a two-hundred day simple moving average of $347.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays lowered their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target for the company in a report on Tuesday. Wells Fargo & Company upped their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $400.26.

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.