Insider Selling: CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Insider Sells 2,547 Shares of Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the sale, the insider now directly owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This represents a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, March 21st, Shawn Henry sold 5,096 shares of CrowdStrike stock. The stock was sold at an average price of $358.43, for a total transaction of $1,826,559.28.
• On Monday, March 17th, Shawn Henry sold 4,500 shares of CrowdStrike stock. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00.
• On Tuesday, February 18th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The stock was sold at an average price of $450.67, for a total value 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.

CrowdStrike Trading Up 3.3 %

NASDAQ:CRWD opened at $384.95 on Wednesday. The company has a market cap of $95.42 billion, a PE ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. 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 company has a 50 day simple moving average of $387.90 and a two-hundred day simple moving average of $347.04.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America boosted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.26.

Institutional Trading of CrowdStrike

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. State Street Corp grew its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC raised its position in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Finally, Norges Bank purchased a new position in shares of CrowdStrike during the 4th quarter worth $1,111,542,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.