CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.6% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price traded down 0.6% during trading on Thursday following insider selling activity. The stock traded as low as $361.94 and last traded at $363.67. 287,080 shares changed hands during trading, a decline of 94% from the average session volume of 4,895,822 shares. The stock had previously closed at $365.79.

Specifically, insider Shawn Henry sold 5,505 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $1,973,377.35. Following the completion of the transaction, the insider now directly owns 110,293 shares in the company, valued at $39,536,731.71. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction 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 transaction, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value 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. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent analyst reports. Argus dropped their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Robert W. Baird lifted their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $364.25.

CrowdStrike Stock Performance

The company has a market cap of $87.44 billion, a P/E ratio of 696.07, a PEG ratio of 19.48 and a beta of 1.11. The firm has a 50 day moving average of $342.36 and a 200-day moving average of $316.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike in the second quarter valued at about $33,000. Fairfield Financial Advisors LTD acquired a new position in CrowdStrike in the 2nd quarter worth approximately $38,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of CrowdStrike during the second quarter worth $38,000. Finally, Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors 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.