Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells $1,588,500.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shawn Henry also recently made the following trade(s):

• On Tuesday, February 18th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00.
• On Wednesday, January 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00.
• On Monday, December 23rd, Shawn Henry sold 5,505 shares of CrowdStrike stock. The shares were sold at an average price of $358.47, for a total transaction of $1,973,377.35.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $11.10 during mid-day trading on Monday, reaching $364.83. 4,252,486 shares of the stock were exchanged, compared to its average volume of 4,721,456. The company has a market cap of $89.86 billion, a price-to-earnings ratio of 715.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a 50-day simple moving average of $385.67 and a 200 day simple moving average of $342.51. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna boosted their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. KeyCorp decreased their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, UBS Group decreased their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $398.78.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Institutional investors and hedge funds 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.