Latest Insider Selling in April 2024: 5 Stocks to Watch

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This article presents an overview of Latest Insider Selling in April 2024: 5 Stocks to Watch. For a detailed overview of such stocks read our article, Latest Insider Selling in April 2024: 10 Stocks to Watch.

5. Crowdstrike Holdings Inc (NASDAQ:CRWD)

Number of Hedge Fund Investors: 62

Crowdstrike Holdings Inc’s (NASDAQ:CRWD) CFO Burt W. Podbere on April 1 sold 64,000 shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) at $316.48 per share. Since then the stock is down 1.28%. Macquarie analysts recently said Crowdstrike Holdings Inc (NASDAQ:CRWD) is one of the cybersecurity stocks positioned well to benefit from the possible increase in cybersecurity spending following cyber attacks on healthcare companies.

As of the end of the last quarter of 2023, 62 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Crowdstrike Holdings Inc (NASDAQ:CRWD).

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in its fourth quarter 2023 investor letter:

“Across the Information Technology universe, we seek companies possessing differentiated capabilities, products, and services. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-delivered protection across endpoints and cloud workloads. Their stock rallied 53% on the heels of solid fiscal third quarter results, with net new annualized recurring revenues accelerating sequentially.”

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