Roxanne Austin, a director at CrowdStrike Holdings (CRWD), recently added 25,000 shares. The buy increased her holdings by 62 percent, and came to a total cost of just under $2.5 million.
This marks the first insider buy since back in June, when another director picked up a mere 81 shares. Otherwise, company officers and directors have largely been sellers of shares, following the exercise of options.
Overall, company insiders own 1.3 percent of shares.
Shares of the cloud services protection company have been cut in half in the past year. While CrowdStrike lost money overall, revenue still rose by nearly 53 percent. And the company still has a strong balance sheet, with nearly $2 billion in net cash on the books.
Action to take: Shares look attractive at their current valuation, and long-term investors may want to start buying here. With the current volatile markets, additional buys can be made on down days for the stock. At present, shares do not pay a dividend.
For traders, the short-term trend remains down. That makes a put option trade, like the March $95 puts, attractive. Last going for about $6.75, traders can likely see a mid-double-digit gain on a continued slide in shares. Just watch out for a market turnaround, as it may send shares jumping higher.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.