CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.7% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price dropped 1.7% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $356.71 and last traded at $358.64. Approximately 1,246,715 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,724,391 shares. The stock had previously closed at $364.83.

Specifically, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Bank of America raised their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Finally, Mizuho raised their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

CrowdStrike Trading Down 0.7 %

The firm has a market cap of $89.21 billion, a P/E ratio of 708.44, a PEG ratio of 17.86 and a beta of 1.19. The firm’s fifty day moving average is $385.67 and its two-hundred day moving average is $342.51. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Trading of CrowdStrike

A number of hedge funds have recently modified their holdings of the business. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.9% during the 4th 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 in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of CrowdStrike by 1.4% during the 4th 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 in the last quarter. Wintrust Investments LLC boosted its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its holdings in shares of CrowdStrike by 0.8% during the 3rd 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 in the last quarter. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.