CrowdStrike (NASDAQ:CRWD) Stock Price Down 7.2% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 7.2% during trading on Friday after an insider sold shares in the company. The company traded as low as $310.31 and last traded at $322.54. 2,097,115 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 4,899,311 shares. The stock had previously closed at $347.39.

Specifically, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at $22,613,716.87. This represents a 13.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Mizuho increased their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Canaccord Genuity Group upped their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Performance

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 50 day moving average price of $386.18 and a two-hundred day moving average price of $351.38. The company has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Institutional Trading of CrowdStrike

A number of large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $1,111,542,000. Pathstone Holdings LLC increased its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $237,375,000. Voya Investment Management LLC raised its stake in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after acquiring an additional 582,471 shares during the last quarter. Finally, Amundi grew its position in CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after acquiring an additional 408,190 shares during the last quarter. 71.16% of the stock is currently owned by 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.