CrowdStrike (NASDAQ:CRWD) Shares Down 0% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $424.21 and last traded at $431.44. 784,328 shares were traded during trading, a decline of 75% from the average session volume of 3,081,740 shares. The stock had previously closed at $431.64.

Specifically, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 7,880 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $427.59, for a total value of $3,369,409.20. Following the completion of the sale, the director now owns 797,712 shares in the company, valued at $341,093,674.08. The trade was a 0.98 % decrease in their position. The disclosure for this sale can be found here. In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now owns 805,592 shares in the company, valued at $332,218,084.88. This represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Needham & Company LLC increased their target price on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Jefferies Financial Group increased their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Evercore ISI increased their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One investment 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’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Performance

The company has a market cap of $111.77 billion, a P/E ratio of 889.76, a PEG ratio of 17.22 and a beta of 1.16. The firm has a 50 day moving average of $373.20 and a 200-day moving average of $319.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRWD. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the fourth quarter worth $27,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike during the third quarter worth $28,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its holdings in CrowdStrike by 811.1% during 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, Tsfg LLC lifted its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. 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.