CrowdStrike (NASDAQ:CRWD) Trading Down 0% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0% 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 changed hands 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 on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 7,880 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $427.59, for a total value 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 position. The disclosure for this sale can be found here. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now owns 805,592 shares of the company’s stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Bank of America raised their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $374.13.

CrowdStrike Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50 day moving average of $371.79 and a two-hundred day moving average of $319.16. The stock has a market cap of $106.40 billion, a PE ratio of 847.16, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently modified their holdings of the business. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. boosted its holdings 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 buying an additional 73 shares during the last quarter. Fortitude Family Office LLC boosted its holdings 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 buying an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter worth about $34,000. Finally, Oakworth Capital Inc. acquired a new stake in CrowdStrike in the 3rd quarter worth about $28,000. 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.