CrowdStrike (NASDAQ:CRWD) Trading Down 4.1% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares were down 4.1% during trading on Friday . The stock traded as low as $330.07 and last traded at $333.38. Approximately 1,966,062 shares traded hands during trading, a decline of 48% from the average daily volume of 3,775,986 shares. The stock had previously closed at $347.73.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Susquehanna upped their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday. Barclays dropped their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Robert W. Baird lowered their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Raymond James reiterated an “outperform” rating and issued a $390.00 price objective (up from $360.00) on shares of CrowdStrike in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Trading Down 4.1 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $387.07 and its 200 day moving average is $339.05. The firm has a market capitalization of $82.14 billion, a price-to-earnings ratio of 653.93, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 sale, the chief accounting officer now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently added to or reduced their stakes in CRWD. Graypoint LLC boosted its position in CrowdStrike by 57.2% in the third quarter. Graypoint LLC now owns 860 shares of the company’s stock worth $241,000 after purchasing an additional 313 shares during the last quarter. Cozad Asset Management Inc. boosted its holdings in CrowdStrike by 55.6% during the 3rd quarter. Cozad Asset Management Inc. now owns 1,313 shares of the company’s stock valued at $368,000 after acquiring an additional 469 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of CrowdStrike in the 3rd quarter worth $53,000. Hollencrest Capital Management lifted its stake in shares of CrowdStrike by 34.9% during the 3rd quarter. Hollencrest Capital Management now owns 688 shares of the company’s stock worth $193,000 after purchasing an additional 178 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $630,000. 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.