Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells 4,000 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shawn Henry also recently made the following trade(s):

• On Monday, July 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00.
• On Monday, June 24th, Shawn Henry sold 8,077 shares of CrowdStrike stock. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23.
• On Friday, June 21st, Shawn Henry sold 5,504 shares of CrowdStrike stock. The stock was sold at an average price of $380.63, for a total value of $2,094,987.52.
• On Monday, June 17th, Shawn Henry sold 4,500 shares of CrowdStrike stock. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00.

CrowdStrike Trading Up 0.8 %

Shares of CrowdStrike stock traded up $2.05 during mid-day trading on Friday, hitting $262.54. 3,490,787 shares of the stock were exchanged, compared to its average volume of 5,425,888. The company has a 50-day simple moving average of $324.93 and a 200 day simple moving average of $320.96. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $63.89 billion, a price-to-earnings ratio of 495.36, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analysts' expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. FBN Securities upgraded shares of CrowdStrike to a "strong-buy" rating in a research note on Wednesday, June 5th. Canaccord Genuity Group reiterated a "buy" rating and set a $405.00 target price on shares of CrowdStrike in a research note on Monday, July 22nd. Stifel Nicolaus dropped their price target on CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Evercore ISI decreased their price objective on CrowdStrike from $350.00 to $325.00 and set an "outperform" rating for the company in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. dropped their target price on CrowdStrike from $400.00 to $330.00 and set an "overweight" rating on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $338.08.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of CrowdStrike by 2.4% in the 4th quarter. Mackenzie Financial Corp now owns 39,811 shares of the company's stock worth $10,165,000 after purchasing an additional 931 shares during the period. SVB Wealth LLC lifted its position in CrowdStrike by 65.3% during the fourth quarter. SVB Wealth LLC now owns 5,459 shares of the company's stock valued at $1,394,000 after buying an additional 2,157 shares in the last quarter. Wealth Alliance purchased a new stake in CrowdStrike during the fourth quarter worth approximately $490,000. Tyche Wealth Partners LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $217,000. Finally, Latitude Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at $202,000. Institutional investors and hedge funds 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.

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