CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.8% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 2.8% during mid-day trading on Friday following insider selling activity. The company traded as low as $349.55 and last traded at $353.20. Approximately 1,532,833 shares changed hands during trading, a decline of 41% from the average daily volume of 2,603,059 shares. The stock had previously closed at $363.38.

Specifically, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWD. Bank of America increased their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna increased their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Piper Sandler boosted their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Citigroup raised their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday. Finally, CICC Research assumed coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Price Performance

The firm has a 50 day moving average price of $355.33 and a two-hundred day moving average price of $313.16. The company has a market cap of $87.20 billion, a P/E ratio of 692.55, a P/E/G ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aspire Private Capital LLC grew its stake in CrowdStrike by 3.7% in the 4th quarter. Aspire Private Capital LLC now owns 3,133 shares of the company’s stock valued at $1,072,000 after buying an additional 113 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in CrowdStrike in the 4th quarter worth about $2,908,000. Enclave Advisors LLC grew its holdings in CrowdStrike by 27.1% during the 4th quarter. Enclave Advisors LLC now owns 3,884 shares of the company’s stock valued at $1,329,000 after buying an additional 829 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of CrowdStrike by 48.0% during the fourth quarter. Atomi Financial Group Inc. now owns 2,331 shares of the company’s stock valued at $798,000 after buying an additional 756 shares during the period. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of CrowdStrike by 4,147.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 39,967 shares of the company’s stock worth $13,675,000 after buying an additional 39,026 shares in the last quarter. 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.