CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.5% After Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 0.5% on Thursday after an insider sold shares in the company. The company traded as low as $340.15 and last traded at $341.45. 581,358 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,381,313 shares. The stock had previously closed at $343.12.

Specifically, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 299,576 shares of company stock worth $95,386,930 in the last three months. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRWD shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Wednesday, April 17th. Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. BTIG Research increased their target price on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI lifted their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm’s fifty day moving average price is $314.11 and its 200-day moving average price is $280.69. The company has a market cap of $82.86 billion, a price-to-earnings ratio of 948.50, a P/E/G ratio of 12.77 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors and hedge funds have recently modified their holdings of CRWD. Morgan Stanley increased its stake in shares of CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Norges Bank bought a new position in CrowdStrike during the fourth quarter valued at about $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth about $450,418,000. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after acquiring an additional 1,028,405 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

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.