CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.4% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares fell 1.4% on Wednesday after an insider sold shares in the company. The stock traded as low as $444.58 and last traded at $449.16. 842,986 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 3,047,506 shares. The stock had previously closed at $455.36.

Specifically, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 540 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $384.26, for a total transaction of $207,500.40. Following the completion of the sale, the chief accounting officer now owns 37,661 shares of the company's stock, valued at approximately $14,471,615.86. This represents a 1.41 % decrease in their position. The disclosure for this sale can be found here.

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Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. Truist Financial increased their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. UBS Group downgraded CrowdStrike from a "buy" rating to a "cautious" rating in a research report on Wednesday, February 5th. Stifel Nicolaus raised their target price on CrowdStrike from $400.00 to $475.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company raised their target price on CrowdStrike from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $383.08.

CrowdStrike Stock Down 6.8 %

The company has a market cap of $100.15 billion, a PE ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16. The stock's 50 day moving average price is $384.76 and its 200-day moving average price is $329.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Institutional Trading of CrowdStrike

Several institutional investors have recently added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the period. State Street Corp boosted its stake in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the period. Geode Capital Management LLC boosted its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Finally, Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. 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.