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

CrowdStrike (NASDAQ:CRWD - Get Free Report) shares fell 1.1% during trading on Wednesday following insider selling activity. The company traded as low as $483.57 and last traded at $486.72. 857,424 shares were traded during trading, a decline of 78% from the average session 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 firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total value of $4,825,000.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at $8,828,302.50. This trade represents a 35.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Wells Fargo & Company boosted their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Stock Down 1.2%

The stock has a market cap of $121.11 billion, a PE ratio of -703.78 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $434.17 and a 200-day moving average price of $394.15.

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

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the first quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in CrowdStrike in the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC boosted its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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.

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