CrowdStrike (NASDAQ:CRWD) Shares Down 2% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $372.11 and last traded at $377.15. 710,299 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,759,874 shares. The stock had previously closed at $384.95.

Specifically, insider Shawn Henry sold 2,547 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares of the company’s stock, valued at $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 5,096 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.43, for a total transaction of $1,826,559.28. Following the completion of the transaction, the insider now directly owns 84,618 shares in the company, valued at approximately $30,329,629.74. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CFO Burt W. Podbere sold 13,529 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the transaction, the chief financial officer now owns 244,739 shares of the company’s stock, valued at $87,641,035.90. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

A number of research firms recently commented on CRWD. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Truist Financial increased their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a report on Tuesday. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Finally, KeyCorp lowered their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Trading Down 3.5 %

The company has a market capitalization of $92.06 billion, a price-to-earnings ratio of 728.27, a P/E/G ratio of 17.86 and a beta of 1.19. 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’s 50 day moving average price is $388.08 and its two-hundred day moving average price is $347.22.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC grew its stake 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 buying an additional 44 shares during the period. FPC Investment Advisory Inc. increased its position 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 buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.