CrowdStrike (NASDAQ:CRWD) Shares Down 1.4% on Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 1.4% during trading on Wednesday following insider selling activity. The stock traded as low as $444.58 and last traded at $449.16. 842,986 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,047,506 shares. The stock had previously closed at $455.36.

Specifically, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $384.26, for a total value of $207,500.40. Following the completion of the transaction, the chief accounting officer now directly owns 37,661 shares of the company’s stock, valued at $14,471,615.86. The trade was a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent research reports. Susquehanna raised their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald raised their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Finally, Citigroup raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $110.87 billion, a P/E ratio of 882.64, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16. The company has a fifty day moving average of $382.58 and a two-hundred day moving average of $327.63.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FSA Wealth Management LLC increased its holdings in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after buying an additional 23 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares during the last quarter. Finally, Synergy Financial Group LTD increased its holdings in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after buying an additional 30 shares during the last quarter. 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.