CrowdStrike’s (NASDAQ:CRWD) Director Roxanne S. Austin bought 15,500 shares of the company at an average price of $99 per share, for a total value of $1.53 million. The cybersecurity technology company provides next-generation endpoint and cloud workload protection.
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As per the data collected by TipRanks, the latest transaction is Austin’s third buy in three months’ time. In January, she purchased CrowdStrike stock worth $3.37 million. Prior to this, Austin bought 25,000 shares of the company for $2.49 million in December 2022. The total value of CRWD shares in Austin’s portfolio currently stands at $13 million.
According to TipRanks’ ratings, Austin has a 68% success rate with an average return of 1.8% per transaction.
Overall, corporate insiders have sold CRWD stock worth $9.3 million over the last three months. TipRanks’ Insider Trading Activity Tool shows that insider confidence in the stock is currently Negative.
Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is CRWD a Buy, Sell, or Hold?
Wall Street remains optimistic about the CRWD stock due to its growing customer base and the company’s initiatives to add new products to its lineup. It commands a Strong Buy consensus rating based on 32 Buy and five Hold recommendations.
The average stock price target of $160.26 implies upside potential of 37.8% from the current level. The stock has already gained 12.6% so far in 2023.
