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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.6% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $361.94 and last traded at $363.67. Approximately 287,080 shares traded hands during mid-day 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 firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $1,973,377.35. Following the sale, the insider now directly owns 110,293 shares of the company’s stock, valued at $39,536,731.71. This trade represents 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 this link. Also, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at $13,916,242.29. The trade was a 6.96 % decrease in their position. The disclosure for this sale can be found here. In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRWD. Bank of America raised their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group lifted their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada lowered their price objective on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Price Performance

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

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter worth $28,000. Tsfg LLC lifted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Castleview Partners LLC bought a new stake in CrowdStrike during the third quarter valued at about $32,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the second quarter worth about $33,000. 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.