CrowdStrike (NASDAQ:CRWD) Shares Down 0.2% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price was down 0.2% on Tuesday following insider selling activity. The company traded as low as $445.27 and last traded at $450.79. Approximately 883,588 shares were traded during trading, a decline of 71% from the average daily volume of 3,062,888 shares. The stock had previously closed at $451.74.

Specifically, CAO Anurag Saha sold 540 shares of the business's stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $384.26, for a total transaction of $207,500.40. Following the transaction, the chief accounting officer now directly owns 37,661 shares of the company's stock, valued at approximately $14,471,615.86. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. Oppenheimer upped their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Bank of America upped their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Morgan Stanley upped their price target on shares of CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a report on Wednesday. Needham & Company LLC increased their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $383.08.

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CrowdStrike Stock Performance

The company has a market capitalization of $100.15 billion, a PE ratio of 797.30, a PEG ratio of 18.44 and a beta of 1.16. 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 business's 50-day moving average is $383.99 and its 200-day moving average is $328.39.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Putney Financial Group LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $1,009,000. Vermillion Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $60,000. Mackenzie Financial Corp lifted its position in shares of CrowdStrike by 46.2% during the fourth quarter. Mackenzie Financial Corp now owns 60,226 shares of the company's stock valued at $20,607,000 after buying an additional 19,041 shares during the last quarter. Jupiter Wealth Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at about $120,000. Finally, Warm Springs Advisors Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $1,879,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

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.