CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price dropped 0.9% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $311.65 and last traded at $314.94. Approximately 1,045,630 shares were traded during trading, a decline of 70% from the average daily volume of 3,449,666 shares. The stock had previously closed at $317.81.

Specifically, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s 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 sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,576 shares of company stock valued at $94,052,850. Insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group boosted their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JMP Securities lifted their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Citigroup increased their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Sanford C. Bernstein started coverage on shares of CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective on the stock. Finally, Piper Sandler increased their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a 50-day simple moving average of $313.23 and a two-hundred day simple moving average of $275.18. The company has a market cap of $75.89 billion, a PE ratio of 871.58, a P/E/G ratio of 12.41 and a beta of 1.08.

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

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in CrowdStrike by 92.9% during the third quarter. Mackenzie Financial Corp now owns 38,880 shares of the company’s stock worth $6,300,000 after buying an additional 18,728 shares during the period. Advisor Partners II LLC boosted its position in shares of CrowdStrike by 33.6% in the third quarter. Advisor Partners II LLC now owns 6,778 shares of the company’s stock worth $1,135,000 after acquiring an additional 1,706 shares during the last quarter. CENTRAL TRUST Co grew its holdings in CrowdStrike by 244.3% in the third quarter. CENTRAL TRUST Co now owns 2,069 shares of the company’s stock valued at $346,000 after purchasing an additional 1,468 shares during the period. Inspire Advisors LLC purchased a new position in CrowdStrike during the third quarter worth approximately $247,000. Finally, Inspire Investing LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $364,000. 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.