CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.8% on Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 2.8% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $349.55 and last traded at $353.20. 1,532,833 shares changed hands during trading, a decline of 41% from the average session volume of 2,603,059 shares. The stock had previously closed at $363.38.

Specifically, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CRWD shares. Needham & Company LLC boosted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Jefferies Financial Group increased their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Trading Down 1.8 %

The company’s 50 day simple moving average is $355.33 and its two-hundred day simple moving average is $313.16. The company has a market cap of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike during the second quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of CrowdStrike during the second quarter worth about $38,000. Finally, Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.