CrowdStrike (NASDAQ:CRWD) Shares Down 0.5% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.5% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $373.10 and last traded at $377.97. Approximately 599,739 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 5,005,043 shares. The stock had previously closed at $379.84.

Specifically, Director Gerhard Watzinger sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $378.93, for a total value of $985,218.00. Following the sale, the director now owns 60,291 shares in the company, valued at approximately $22,846,068.63. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRWD shares. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. Susquehanna upped their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.53.

CrowdStrike Trading Down 0.5 %

The stock has a market cap of $93.68 billion, a price-to-earnings ratio of 742.42, a PEG ratio of 17.86 and a beta of 1.28. The business has a 50-day moving average of $377.97 and a 200-day moving average of $356.41. 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 institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC raised its stake in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during 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 worth $246,000 after buying an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC grew its stake in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after buying an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.