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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price was down 2.8% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $349.55 and last traded at $353.20. Approximately 1,532,833 shares changed hands 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 the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. HSBC cut CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. CICC Research started coverage on CrowdStrike in a research note on Monday, November 18th. They set a "market perform" rating and a $295.00 price objective for the company. Finally, Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $366.38.

CrowdStrike Stock Down 1.8 %

The company has a market cap of $87.93 billion, a P/E ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The company has a 50-day simple moving average of $355.86 and a 200 day simple moving average of $312.92. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRWD. Jennison Associates LLC raised its stake in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after purchasing an additional 371,695 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after buying an additional 275,717 shares in the last quarter. 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.