CrowdStrike (NASDAQ:CRWD) Stock Price Down 0%

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price dropped 0% on Tuesday . The company traded as low as $323.86 and last traded at $324.73. Approximately 619,319 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 4,002,755 shares. The stock had previously closed at $324.76.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Robert W. Baird raised their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price target on CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Citigroup raised their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Rosenblatt Securities upped their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Thursday, March 14th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $373.29.

CrowdStrike Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The stock’s 50 day simple moving average is $314.16 and its two-hundred day simple moving average is $246.80. The firm has a market cap of $77.94 billion, a P/E ratio of 895.16, a P/E/G ratio of 13.40 and a beta of 1.06.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,667 shares of company stock worth $72,822,280. 5.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRWD. Shepherd Financial Partners LLC increased its holdings in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares during the period. Pier 88 Investment Partners LLC increased its stake in shares of CrowdStrike by 0.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock worth $1,197,000 after purchasing an additional 40 shares in the last quarter. Fagan Associates Inc. raised its position in shares of CrowdStrike by 0.5% during the 4th quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock valued at $2,464,000 after purchasing an additional 45 shares during the period. Finally, Quent Capital LLC raised its position in shares of CrowdStrike by 48.5% during the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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.