CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.4% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded down 1.4% on Wednesday after an insider sold shares in the company. The company traded as low as $444.58 and last traded at $449.16. 842,986 shares were traded during mid-day trading, a decline of 72% from the average session volume of 3,047,506 shares. The stock had previously closed at $455.36.

Specifically, 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 transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Oppenheimer increased their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Piper Sandler lifted their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, BMO Capital Markets raised their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $379.73.

CrowdStrike Stock Performance

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 company has a market cap of $110.79 billion, a P/E ratio of 880.72, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16. The company’s fifty day moving average is $380.83 and its 200 day moving average is $326.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $27,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the third quarter valued at approximately $28,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is owned by institutional investors.

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.