CrowdStrike (NASDAQ:CRWD) Trading Down 0.5% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.5% on Thursday after an insider sold shares in the company. The company traded as low as $373.10 and last traded at $377.97. Approximately 599,739 shares changed hands during 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 CrowdStrike stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00. Following the sale, the director now directly owns 60,291 shares of the company’s stock, valued at $22,846,068.63. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Stephens assumed coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.53.

CrowdStrike Price Performance

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 business has a fifty day simple moving average of $377.97 and a 200 day simple moving average of $356.41. The stock has a market capitalization of $93.68 billion, a P/E ratio of 742.42, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth $11,310,000. Primoris Wealth Advisors LLC bought a new stake in CrowdStrike in the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the last quarter. Greenleaf Trust lifted its position in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after buying an additional 8,561 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other 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.