CrowdStrike (NASDAQ:CRWD) Shares Down 0.6% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was down 0.6% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $361.94 and last traded at $363.67. Approximately 287,080 shares traded hands during trading, a decline of 94% from the average daily volume of 4,895,822 shares. The stock had previously closed at $365.79.

Specifically, insider Shawn Henry sold 5,505 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the completion of the sale, the insider now owns 110,293 shares in the company, valued at $39,536,731.71. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 2,858 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRWD shares. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Citigroup boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Piper Sandler raised their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $364.25.

CrowdStrike Price 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 company has a 50-day moving average of $342.36 and a 200-day moving average of $316.22. The stock has a market capitalization of $87.44 billion, a price-to-earnings ratio of 696.07, a P/E/G ratio of 19.48 and a beta of 1.11.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently made changes to their positions in the stock. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares during the last quarter. Doliver Advisors LP lifted its stake in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale boosted its position in 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 acquiring an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC grew its stake in CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares during the period. 71.16% of the stock is 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.