CrowdStrike (NASDAQ:CRWD) Trading Down 0.4% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price dropped 0.4% on Monday . The stock traded as low as $442.87 and last traded at $451.74. Approximately 2,842,359 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,201,230 shares. The stock had previously closed at $453.77.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Bank of America increased their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. KeyCorp boosted their price target on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada raised their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Stock Down 1.1 %

The company has a market capitalization of $110.87 billion, a price-to-earnings ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The business’s 50-day moving average is $380.83 and its 200-day moving average is $326.77. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of institutional investors and hedge funds have recently modified their holdings of CRWD. Warm Springs Advisors Inc. purchased a new stake in CrowdStrike during the 4th quarter worth approximately $1,879,000. Cache Advisors LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $1,658,000. GF Fund Management CO. LTD. acquired a new position in CrowdStrike in the 4th quarter valued at $20,098,000. Pacific Point Advisors LLC purchased a new position in CrowdStrike in the 4th quarter valued at $513,000. Finally, Investment Management Corp VA ADV acquired a new stake in CrowdStrike during the 4th quarter worth $528,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About CrowdStrike

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.