CrowdStrike (NASDAQ:CRWD) Shares Down 0.5% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 0.5% on Wednesday after an insider sold shares in the company. The company traded as low as $383.39 and last traded at $384.84. Approximately 946,818 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,146,440 shares. The stock had previously closed at $386.76.

Specifically, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 8,077 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the completion of the sale, the insider now owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 273,675 shares of company stock worth $92,085,172. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRWD shares. HSBC boosted their target price 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. Macquarie reissued an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Susquehanna boosted their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Morgan Stanley upped their price objective on shares of CrowdStrike from $372.00 to $422.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, UBS Group upped their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $380.62.

CrowdStrike Price Performance

The company’s fifty day moving average is $335.94 and its two-hundred day moving average is $311.52. The firm has a market capitalization of $92.57 billion, a price-to-earnings ratio of 717.69, a price-to-earnings-growth ratio of 19.36 and a beta of 1.08. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On CrowdStrike

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

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.