CrowdStrike (NASDAQ:CRWD) Shares Down 0.2% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 0.2% during trading on Tuesday following insider selling activity. The stock traded as low as $445.27 and last traded at $450.79. Approximately 883,588 shares traded hands during trading, a decline of 71% from the average daily volume of 3,062,888 shares. The stock had previously closed at $451.74.

Specifically, CAO Anurag Saha sold 540 shares of CrowdStrike stock in a transaction on 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. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler boosted their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a fifty day moving average price of $382.58 and a 200 day moving average price of $327.63. The company has a market cap of $107.43 billion, a PE ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently made changes to their positions in the stock. Castleview Partners LLC purchased a new stake in CrowdStrike during the third quarter valued at about $32,000. Telos Capital Management Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $505,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Calton & Associates Inc. bought a new stake in CrowdStrike in the 3rd quarter worth approximately $382,000. Finally, Eastern Bank purchased a new stake in CrowdStrike in the third quarter worth approximately $337,000. 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.