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

CrowdStrike (NASDAQ:CRWD) was down 1.1% during trading on Wednesday following insider selling activity. The stock traded as low as $483.57 and last traded at $486.72. Approximately 857,424 shares were traded during trading, a decline of 78% from the average daily volume of 3,985,304 shares. The stock had previously closed at $492.03.

Specifically, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $482.50, for a total value of $4,825,000.00. Following the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $8,828,302.50. This represents a 35.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRWD shares. Susquehanna upped their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research report on Wednesday, June 4th. Evercore ISI reaffirmed an “in-line” rating and issued a $440.00 price objective (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. Jefferies Financial Group upped their price objective on CrowdStrike from $410.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Stephens upped their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Trading Down 1.4%

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $436.32 and a 200 day simple moving average of $394.77. The firm has a market capitalization of $120.93 billion, a P/E ratio of -703.13 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the business. FSA Wealth Management LLC grew its position in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Close Asset Management Ltd grew its position in shares of CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after purchasing an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. grew its position in shares of CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after purchasing an additional 25 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

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.