CrowdStrike (NASDAQ:CRWD) Trading Down 1.1% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares were down 1.1% on Wednesday after an insider sold shares in the company. The stock traded as low as $265.00 and last traded at $265.77. Approximately 662,329 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 5,287,276 shares. The stock had previously closed at $268.72.

Specifically, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company's stock, valued at $45,521,111.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Mizuho cut their price objective on CrowdStrike from $390.00 to $370.00 and set a "buy" rating on the stock in a research note on Wednesday, June 5th. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a research note on Friday, August 9th. FBN Securities upgraded shares of CrowdStrike to a "strong-buy" rating in a research note on Wednesday, June 5th. Hsbc Global Res raised CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 30th. Finally, Redburn Atlantic lowered CrowdStrike from a "neutral" rating to a "sell" rating and cut their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $327.16.

CrowdStrike Trading Down 0.6 %

The business has a 50 day moving average of $271.34 and a 200 day moving average of $312.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $65.01 billion, a price-to-earnings ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company earned $0.06 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Arlington Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock valued at $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp lifted its position in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company's stock valued at $408,000 after acquiring an additional 33 shares in the last quarter. Means Investment CO. Inc. boosted its stake in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after purchasing an additional 35 shares during the period. Shepherd Financial Partners LLC increased its holdings in CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company's stock worth $645,000 after purchasing an additional 36 shares in the last quarter. Finally, Albion Financial Group UT raised its stake in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company's stock valued at $351,000 after purchasing an additional 39 shares during the period. 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.