CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.2% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded down 0.2% during trading on Tuesday following insider selling activity. The stock traded as low as $445.27 and last traded at $450.79. 883,588 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,062,888 shares. The stock had previously closed at $451.74.

Specifically, CAO Anurag Saha sold 540 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $384.26, for a total transaction of $207,500.40. Following the sale, the chief accounting officer now directly owns 37,661 shares in the company, valued at approximately $14,471,615.86. This represents a 1.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

Several research analysts have commented on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Scotiabank lifted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, KeyCorp boosted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Stock Performance

The business’s 50-day moving average price is $383.99 and its 200-day moving average price is $328.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $107.43 billion, a PE ratio of 855.19, a P/E/G ratio of 18.65 and a beta of 1.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.