CrowdStrike (NASDAQ:CRWD) Shares Down 2.1% Following Insider Selling

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 2.1% during trading on Tuesday following insider selling activity. The stock traded as low as $301.13 and last traded at $303.97. 1,423,353 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 5,222,851 shares. The stock had previously closed at $310.52.

Specifically, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analysts Set New Price Targets

Several analysts have commented on the stock. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. DA Davidson reaffirmed a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Finally, Citigroup lowered their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

CrowdStrike Trading Up 1.3 %

The stock’s 50-day simple moving average is $273.47 and its two-hundred day simple moving average is $308.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $75.52 billion, a P/E ratio of 584.11, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently bought and sold shares of the stock. Burney Co. purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $1,342,000. Doliver Advisors LP increased its holdings in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $2,955,000. Principal Financial Group Inc. lifted its holdings in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in CrowdStrike by 24.3% during the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after acquiring an additional 1,966 shares during the last quarter. 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.