CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Free Report)’s share price dropped 0% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $424.21 and last traded at $431.44. Approximately 784,328 shares were traded during trading, a decline of 75% from the average daily volume of 3,081,740 shares. The stock had previously closed at $431.64.
Specifically, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 7,880 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $427.59, for a total transaction of $3,369,409.20. Following the sale, the director now directly owns 797,712 shares in the company, valued at $341,093,674.08. This trade represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CRWD shares. Royal Bank of Canada upped their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Scotiabank upped their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $374.13.
CrowdStrike Stock Performance
The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50-day simple moving average of $371.79 and a 200-day simple moving average of $319.16. The firm has a market capitalization of $106.40 billion, a PE ratio of 847.16, a P/E/G ratio of 17.22 and a beta of 1.16.
Institutional Investors Weigh In On CrowdStrike
Several hedge funds and other institutional investors have recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the third quarter worth approximately $28,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. 71.16% of the stock is currently owned by hedge funds and other 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.
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