CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.5% on Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 0.5% during trading on Monday after an insider sold shares in the company. The company traded as low as $344.72 and last traded at $345.97. Approximately 2,425,516 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 5,006,974 shares. The stock had previously closed at $347.59.

Specifically, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRWD shares. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. Finally, Argus reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. 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 given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Performance

The company has a market cap of $89.27 billion, a PE ratio of 701.76, a P/E/G ratio of 18.62 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $318.10 and a 200-day moving average of $312.95.

Institutional Trading of CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. GAMMA Investing LLC lifted its position in CrowdStrike by 134.4% in the 2nd quarter. GAMMA Investing LLC now owns 661 shares of the company’s stock valued at $253,000 after acquiring an additional 379 shares in the last quarter. Mather Group LLC. lifted its position in CrowdStrike by 367.2% in the 2nd quarter. Mather Group LLC. now owns 1,112 shares of the company’s stock valued at $426,000 after acquiring an additional 874 shares in the last quarter. CWM LLC lifted its position in CrowdStrike by 34.2% in the 2nd quarter. CWM LLC now owns 12,450 shares of the company’s stock valued at $4,771,000 after acquiring an additional 3,176 shares in the last quarter. Simplicity Wealth LLC lifted its position in CrowdStrike by 0.9% in the 2nd quarter. Simplicity Wealth LLC now owns 7,918 shares of the company’s stock valued at $3,034,000 after acquiring an additional 73 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in CrowdStrike by 1.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 28,434 shares of the company’s stock valued at $10,896,000 after acquiring an additional 340 shares in the last quarter. 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.