CrowdStrike (NASDAQ:CRWD) Stock Price Down 2.4% on Insider Selling

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 2.4% on Friday following insider selling activity. The company traded as low as $334.79 and last traded at $336.14. 891,691 shares changed hands during trading, a decline of 82% from the average session volume of 5,012,243 shares. The stock had previously closed at $344.36.

Specifically, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. KeyCorp raised their price target on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Needham & Company LLC started coverage on shares of CrowdStrike in a report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Trading Down 2.2 %

The stock has a 50 day simple moving average of $297.79 and a 200-day simple moving average of $310.13. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $82.55 billion, a P/E ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $25,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC bought a new position in CrowdStrike in the 2nd quarter worth $38,000. 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.