CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.8% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 2.8% on Friday following insider selling activity. The company traded as low as $349.55 and last traded at $353.20. Approximately 1,532,833 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 2,603,059 shares. The stock had previously closed at $363.38.

Specifically, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. 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 analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. KeyCorp boosted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Citigroup raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday. Finally, Bank of America boosted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Stock Down 1.8 %

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 stock has a market cap of $87.93 billion, a PE ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. The company has a 50 day moving average price of $355.86 and a two-hundred day moving average price of $312.92.

Institutional Trading of CrowdStrike

A number of institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter worth $28,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Tsfg LLC increased its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.