Shawn Henry Sells 4,500 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00.
• On Tuesday, October 15th, Shawn Henry sold 4,000 shares of CrowdStrike stock. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00.
• On Monday, September 23rd, Shawn Henry sold 5,500 shares of CrowdStrike stock. The stock was sold at an average price of $297.60, for a total value of $1,636,800.00.

CrowdStrike Stock Down 7.2 %

Shares of CrowdStrike stock opened at $349.18 on Thursday. The company has a market cap of $86.01 billion, a P/E ratio of 684.68, a PEG ratio of 19.48 and a beta of 1.11. The firm has a fifty day moving average of $335.33 and a two-hundred day moving average of $314.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRWD. Jennison Associates LLC increased its position in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CRWD. KeyCorp boosted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Piper Sandler boosted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada dropped their price objective on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.63.

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.