CrowdStrike (NASDAQ:CRWD) Trading Down 0.9% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was down 0.9% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $311.65 and last traded at $314.94. Approximately 1,045,630 shares changed hands during trading, a decline of 70% from the average daily volume of 3,449,666 shares. The stock had previously closed at $317.81.

Specifically, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,786 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 295,576 shares of company stock worth $94,052,850. Corporate insiders own 5.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho lifted their price target on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James assumed coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price objective on the stock. Citigroup raised their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Canaccord Genuity Group upped their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $75.89 billion, a P/E ratio of 871.58, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. The business’s fifty day moving average is $313.23 and its 200-day moving average is $275.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP raised its position in shares of CrowdStrike by 142.9% during the first quarter. Entropy Technologies LP now owns 16,683 shares of the company’s stock worth $5,348,000 after acquiring an additional 9,815 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in CrowdStrike during the 1st quarter worth approximately $1,791,000. Motley Fool Asset Management LLC lifted its position in shares of CrowdStrike by 8.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 7,123 shares of the company’s stock worth $2,284,000 after purchasing an additional 536 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of CrowdStrike by 7.8% in the 1st quarter. Bleakley Financial Group LLC now owns 7,184 shares of the company’s stock valued at $2,303,000 after purchasing an additional 519 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in shares of CrowdStrike by 22.9% during the first quarter. Baron Wealth Management LLC now owns 1,410 shares of the company’s stock worth $452,000 after buying an additional 263 shares during the period. 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.