CrowdStrike (NASDAQ:CRWD) Stock Price Down 1% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded down 1% during trading on Thursday . The company traded as low as $373.46 and last traded at $374.08. 575,272 shares were traded during trading, a decline of 79% from the average session volume of 2,794,317 shares. The stock had previously closed at $377.98.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Needham & Company LLC increased their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Royal Bank of Canada increased their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group increased their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Scotiabank raised their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Stock Performance

The firm’s fifty day simple moving average is $357.22 and its 200 day simple moving average is $311.97. The company has a market capitalization of $92.45 billion, a price-to-earnings ratio of 735.98, a PEG ratio of 19.49 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the company. Synergy Financial Group LTD increased its position in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the period. M3 Advisory Group LLC increased its position in CrowdStrike by 2.8% during the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after acquiring an additional 32 shares during the period. Meridian Financial Partners LLC increased its position in CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after acquiring an additional 33 shares during the period. First Affirmative Financial Network increased its position in CrowdStrike by 4.2% during the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after acquiring an additional 33 shares during the period. Finally, Sunpointe LLC increased its position in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.