CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.5% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 0.5% on Thursday after an insider sold shares in the company. The stock traded as low as $373.10 and last traded at $377.97. Approximately 599,739 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 5,005,043 shares. The stock had previously closed at $379.84.

Specifically, Director Gerhard Watzinger sold 2,600 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $378.93, for a total value of $985,218.00. Following the transaction, the director now owns 60,291 shares of the company’s stock, valued at $22,846,068.63. This represents a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

Several research firms have weighed in on CRWD. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Stifel Nicolaus decreased their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group boosted their price target on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.53.

CrowdStrike Trading Down 1.1 %

The company has a market cap of $93.11 billion, a P/E ratio of 736.52, a PEG ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $376.90 and a 200-day moving average price of $357.06.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC raised 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 purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its stake in 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 purchasing an additional 73 shares during the last quarter. Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike during the fourth quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.