CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.7% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 0.7% on Wednesday after an insider sold shares in the company. The company traded as low as $386.11 and last traded at $390.13. 1,002,307 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 4,997,476 shares. The stock had previously closed at $392.80.

Specifically, Director Gerhard Watzinger sold 2,600 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $378.93, for a total transaction of $985,218.00. Following the transaction, the director now directly owns 60,291 shares of the company’s stock, valued at approximately $22,846,068.63. The trade was a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective on the stock in a research report on Tuesday, March 25th. DA Davidson upped their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.53.

CrowdStrike Trading Down 3.3 %

The firm has a market cap of $94.15 billion, a P/E ratio of 744.80, a P/E/G ratio of 17.86 and a beta of 1.28. The stock has a 50 day simple moving average of $377.97 and a 200-day simple moving average of $356.41. 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 Investors Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of CRWD. FSA Wealth Management LLC grew its stake in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its position in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC raised its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC lifted its position in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares during the last quarter. 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.