CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.1% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 2.1% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $301.13 and last traded at $303.97. 1,423,353 shares changed hands during trading, a decline of 73% from the average session volume of 5,222,851 shares. The stock had previously closed at $310.52.

Specifically, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. The Goldman Sachs Group cut their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Jefferies Financial Group increased their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $325.44.

CrowdStrike Trading Up 1.3 %

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $273.47 and its 200-day moving average is $308.41. The firm has a market capitalization of $75.52 billion, a P/E ratio of 584.11, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of CrowdStrike

Several large investors have recently modified their holdings of the company. Arlington Financial Advisors LLC boosted its holdings in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the period. Saturna Capital Corp boosted its holdings in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the period. Sunpointe LLC boosted its holdings in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. boosted its holdings in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the period. Finally, Albion Financial Group UT boosted its holdings in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares during the period. 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.