CrowdStrike (NASDAQ:CRWD) Shares Gap Down on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $392.15, but opened at $382.27. CrowdStrike shares last traded at $385.00, with a volume of 579,680 shares traded.

Specifically, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 219,675 shares of company stock valued at $76,681,402. 4.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the topic of several recent research reports. KeyCorp lifted their target price on CrowdStrike from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday. Macquarie reaffirmed an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a report on Tuesday, March 19th. Barclays lifted their target price on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Finally, Evercore ISI lifted their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $382.35.

CrowdStrike Trading Up 0.6 %

The stock has a market capitalization of $94.22 billion, a PE ratio of 730.54, a P/E/G ratio of 19.31 and a beta of 1.10. The firm has a 50 day moving average price of $345.31 and a 200 day moving average price of $316.23. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $1,228,000. Financial Counselors Inc. grew its holdings in shares of CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after acquiring an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in shares of CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after acquiring an additional 23,265 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after acquiring an additional 181 shares in the last quarter. Finally, Sara Bay Financial bought a new position in CrowdStrike during the fourth quarter valued at $255,000. 71.16% of the stock is owned by institutional investors.

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.