CrowdStrike (NASDAQ:CRWD) Trading Down 5.8% Following Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 5.8% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $418.31 and last traded at $423.98. 1,985,329 shares were traded during mid-day trading, a decline of 35% from the average session volume of 3,061,109 shares. The stock had previously closed at $450.14.

Specifically, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 540 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $384.26, for a total transaction of $207,500.40. Following the completion of the sale, the chief accounting officer now owns 37,661 shares of the company’s stock, valued at $14,471,615.86. This trade represents a 1.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Rosenblatt Securities raised their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays raised their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $379.73.

CrowdStrike Trading Down 3.1 %

The business’s 50 day simple moving average is $383.99 and its two-hundred day simple moving average is $328.39. The stock has a market cap of $107.43 billion, a P/E ratio of 855.19, a PEG ratio of 18.65 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $11,310,000. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its holdings in shares of CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 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.