CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells $1,973,377.35 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 5,505 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the sale, the insider now directly owns 110,293 shares in the company, valued at approximately $39,536,731.71. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shawn Henry also recently made the following trade(s):

• On Monday, December 16th, Shawn Henry sold 4,500 shares of CrowdStrike stock. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00.
• On Friday, November 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00.
• On Tuesday, October 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $354.99 on Friday. The company has a market cap of $87.44 billion, a PE ratio of 696.07, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11. The firm has a 50-day moving average of $342.36 and a 200-day moving average of $315.74. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Evercore ISI raised their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. Piper Sandler raised their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, BNP Paribas initiated coverage on CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $364.25.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares during the period. Daiwa Securities Group Inc. lifted its position in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, State Street Corp grew its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 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.