CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.8% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price dropped 2.8% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $349.55 and last traded at $353.20. Approximately 1,532,833 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 2,603,059 shares. The stock had previously closed at $363.38.

Specifically, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company's stock, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Jefferies Financial Group increased their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. JMP Securities restated a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $366.38.

CrowdStrike Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company's 50-day moving average price is $355.33 and its 200 day moving average price is $313.16. The stock has a market capitalization of $87.93 billion, a PE ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter worth $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter worth about $28,000. Fortitude Family Office LLC grew its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the period. Tsfg LLC grew its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.