CrowdStrike (NASDAQ:CRWD) Trading Down 0.7% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 0.7% during trading on Wednesday following insider selling activity. The company traded as low as $386.11 and last traded at $390.13. 1,002,307 shares changed hands during trading, a decline of 80% from the average session volume of 4,997,476 shares. The stock had previously closed at $392.80.

Specifically, Director Gerhard Watzinger sold 2,600 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $378.93, for a total value of $985,218.00. Following the completion of the sale, the director now owns 60,291 shares of the company’s stock, valued at $22,846,068.63. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

A number of research firms recently weighed in on CRWD. KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Truist Financial cut their price target on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group dropped their price objective on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Stephens initiated coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price target for the company. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $400.53.

CrowdStrike Stock Down 1.1 %

The firm has a market capitalization of $93.11 billion, a price-to-earnings 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 stock has a fifty day moving average of $376.90 and a 200-day moving average of $357.06.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Sound Income Strategies LLC lifted its stake in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth about $34,000. Hedge funds and other 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.