CrowdStrike (NASDAQ:CRWD) Trading Down 1.7% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was down 1.7% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $356.71 and last traded at $358.64. Approximately 1,246,715 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 4,724,391 shares. The stock had previously closed at $364.83.

Specifically, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CRWD shares. BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Jefferies Financial Group decreased their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler set a $347.00 price target on CrowdStrike in a research note on Wednesday, March 5th. Finally, Citigroup reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Stock Up 3.3 %

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 firm has a fifty day simple moving average of $386.06 and a 200-day simple moving average of $343.34. The company has a market capitalization of $92.96 billion, a PE ratio of 735.41, a P/E/G ratio of 17.86 and a beta of 1.19.

Institutional Investors Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC bought a new position in CrowdStrike during the 4th quarter worth $34,000. 71.16% of the stock is currently 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.