CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.9% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 0.9% during trading on Tuesday following insider selling activity. The company traded as low as $311.65 and last traded at $314.94. 1,045,630 shares were traded during trading, a decline of 70% from the average session volume of 3,449,666 shares. The stock had previously closed at $317.81.

Specifically, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares in the company, valued at approximately $97,003,651.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 295,576 shares of company stock worth $94,052,850. Company insiders own 5.68% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Susquehanna upped their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. HSBC boosted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC increased their price target on CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, KeyCorp cut their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

The stock’s fifty day simple moving average is $313.23 and its 200 day simple moving average is $275.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $75.60 billion, a P/E ratio of 868.22, a P/E/G ratio of 12.41 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Institutional Trading of CrowdStrike

Large investors have recently bought and sold shares of the stock. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $30,000. CVA Family Office LLC acquired a new position in CrowdStrike in the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike during the 4th quarter valued at approximately $26,000. Future Financial Wealth Managment LLC acquired a new position in CrowdStrike during the first quarter valued at $32,000. Finally, MCF Advisors LLC purchased a new stake in CrowdStrike in the first quarter valued at $32,000. Hedge funds and other 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.