CrowdStrike (NASDAQ:CRWD) Shares Down 1.4% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price fell 1.4% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $453.43 and last traded at $462.22. 1,205,449 shares traded hands during trading, a decline of 76% from the average session volume of 5,110,323 shares. The stock had previously closed at $468.83.

Specifically, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the sale, the director now directly owns 39,500 shares of the company's stock, valued at $18,525,500. This represents a 20.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

Several research firms have recently commented on CRWD. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company increased their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Roth Capital began coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price target on the stock. Finally, Barclays reissued an "overweight" rating and set a $500.00 price target (up from $475.00) on shares of CrowdStrike in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $404.43.

CrowdStrike Trading Down 1.7%

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business's fifty day moving average is $400.84 and its 200 day moving average is $382.00. The firm has a market capitalization of $114.19 billion, a price-to-earnings ratio of 906.70, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC bought a new position in CrowdStrike in the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Vision Financial Markets LLC bought a new position in CrowdStrike in the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares in 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.

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