CrowdStrike (NASDAQ:CRWD) Shares Down 1.7% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price was down 1.7% on Tuesday after an insider sold shares in the company. The company traded as low as $356.71 and last traded at $358.64. Approximately 1,246,715 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,724,391 shares. The stock had previously closed at $364.83.

Specifically, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. KeyCorp lowered their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, UBS Group lowered their target price on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

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CrowdStrike Stock Performance

The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. The company's 50 day simple moving average is $386.27 and its 200 day simple moving average is $343.52. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors.

About CrowdStrike

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.