CrowdStrike (NASDAQ:CRWD) Trading Down 1.1% on Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares traded down 1.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $265.00 and last traded at $265.77. 662,329 shares changed hands during trading, a decline of 87% from the average session volume of 5,287,276 shares. The stock had previously closed at $268.72.

Specifically, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a report on Thursday. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. lowered their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Finally, Mizuho reduced their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Trading Up 3.8 %

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 cap of $67.50 billion, a PE ratio of 523.36, a P/E/G ratio of 16.14 and a beta of 1.09. The business has a fifty day moving average price of $267.33 and a 200 day moving average price of $312.39.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates 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 firm posted $0.06 earnings per share. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Institutional Investors Weigh In On CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the period. First Trust Advisors LP increased its holdings in shares of CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares during the period. Legal & General Group Plc raised its position in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC purchased a new position in CrowdStrike during the 4th quarter worth $450,418,000. 71.16% of the stock is 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.