CrowdStrike (NASDAQ:CRWD) Stock Price Down 0% After Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 0% on Wednesday following insider selling activity. The company traded as low as $424.21 and last traded at $431.44. Approximately 784,328 shares traded hands during mid-day 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 business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company’s stock, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 approximately $341,093,674.08. The trade was a 0.98 % decrease in their position. The disclosure for this sale can be found here. In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated 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 completion of the sale, the director now owns 805,592 shares in the company, valued at approximately $332,218,084.88. This trade represents a 0.77 % 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

Several equities research analysts have issued reports on CRWD shares. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Truist Financial raised their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald boosted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets increased their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer lifted their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Price Performance

The business’s 50 day moving average price is $371.79 and its 200-day moving average price is $319.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $107.05 billion, a PE ratio of 852.23, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,000. Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Finally, Tsfg LLC raised its position in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.