CrowdStrike (NASDAQ:CRWD) Trading Down 0.9% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.9% during mid-day trading on Monday . The stock traded as low as $384.24 and last traded at $394.37. Approximately 1,363,409 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 3,172,316 shares. The stock had previously closed at $398.07.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRWD shares. Citigroup boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. KeyCorp boosted their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Scotiabank raised their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $370.00.

CrowdStrike Price Performance

The firm has a market cap of $97.93 billion, a price-to-earnings ratio of 779.56, a price-to-earnings-growth ratio of 21.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day moving average is $362.61 and its two-hundred day moving average is $312.29.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 over the last quarter. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter worth about $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC raised its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Tsfg LLC lifted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the third quarter worth $32,000. 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.