CrowdStrike (NASDAQ:CRWD) Shares Down 0.8% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.8% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $346.18 and last traded at $346.46. 575,607 shares traded hands during trading, a decline of 83% from the average session volume of 3,328,884 shares. The stock had previously closed at $349.32.

Specifically, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CrowdStrike news, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 317,000 shares of company stock valued at $101,229,160. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Rosenblatt Securities restated a “buy” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, April 8th. Guggenheim upped their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Mizuho lifted their target price on shares of CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Wedbush lifted their price target on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Stock Down 0.9 %

The stock has a market cap of $82.80 billion, a P/E ratio of 951.00, a price-to-earnings-growth ratio of 13.97 and a beta of 1.08. The company’s fifty day moving average price is $316.33 and its 200-day moving average price is $286.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp purchased a new position in CrowdStrike during the 4th quarter valued at about $1,228,000. Financial Counselors Inc. raised its stake in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares during the period. Highland Capital Management LLC boosted its position in CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after acquiring an additional 181 shares in the last quarter. Finally, Sara Bay Financial purchased a new position in shares of CrowdStrike in the 4th quarter valued at $255,000. 71.16% of the stock is currently owned by hedge funds and other 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.