CrowdStrike (NASDAQ:CRWD) Stock Price Down 1% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 1% during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $296.02 and last traded at $296.02. 549,523 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 3,621,591 shares. The stock had previously closed at $299.15.

Specifically, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock worth $72,113,932. Insiders own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Wedbush boosted their price target on shares of CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. DA Davidson boosted their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted 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. Finally, Oppenheimer lifted their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market cap of $70.84 billion, a PE ratio of 816.97, a P/E/G ratio of 11.75 and a beta of 1.05. The stock’s 50 day simple moving average is $318.65 and its two-hundred day simple moving average is $262.91.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new stake in CrowdStrike during the 1st quarter valued at $654,000. MetLife Investment Management LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $2,930,000. Yousif Capital Management LLC lifted its stake in CrowdStrike by 4.3% in the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after acquiring an additional 120 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of CrowdStrike by 37.3% in the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock valued at $643,000 after purchasing an additional 769 shares during the period. Finally, Synovus Financial Corp raised its position in shares of CrowdStrike by 14.4% in the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock valued at $658,000 after purchasing an additional 369 shares during the period. Institutional investors and hedge funds 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.