CrowdStrike (NASDAQ:CRWD) Trading Down 2% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 2% on Wednesday after an insider sold shares in the company. The stock traded as low as $372.11 and last traded at $377.15. 710,299 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,759,874 shares. The stock had previously closed at $384.95.

Specifically, insider Shawn Henry sold 2,547 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the transaction, the insider now directly owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 5,096 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.43, for a total value of $1,826,559.28. Following the sale, the insider now owns 84,618 shares of the company’s stock, valued at approximately $30,329,629.74. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. In related news, CFO Burt W. Podbere sold 13,529 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the transaction, the chief financial officer now owns 244,739 shares in the company, valued at $87,641,035.90. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Mizuho upped their target price 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. Evercore ISI increased their price target on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Trading Down 2.0 %

The company has a market cap of $93.49 billion, a PE ratio of 739.53, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50 day moving average price of $387.90 and a 200 day moving average price of $347.04. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fire Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter valued at $488,000. Mascagni Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter worth approximately $159,000. 111 Capital bought a new position in shares of CrowdStrike in the 4th quarter valued at about $764,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in CrowdStrike during the 4th quarter valued at $27,016,000. Finally, Centaurus Financial Inc. grew its stake in shares of CrowdStrike by 62.0% during the fourth quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock valued at $1,079,000 after buying an additional 1,207 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

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.