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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $372.11 and last traded at $377.15. Approximately 710,299 shares traded hands during trading, a decline of 85% from the average daily volume of 4,759,874 shares. The stock had previously closed at $384.95.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets upped their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group decreased their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Robert W. Baird cut their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, Oppenheimer lifted their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $93.49 billion, a PE ratio of 739.53, a P/E/G ratio of 17.86 and a beta of 1.19. The business’s 50 day simple moving average is $387.90 and its 200 day simple moving average is $347.04.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fire Capital Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth $488,000. Mascagni Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter valued at about $159,000. 111 Capital purchased a new position in CrowdStrike during the fourth quarter worth about $764,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,016,000. Finally, Centaurus Financial Inc. lifted its holdings in shares of CrowdStrike by 62.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,207 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.