CrowdStrike (NASDAQ:CRWD) Shares Down 0.8% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 0.8% on Tuesday . The stock traded as low as $345.00 and last traded at $346.63. 427,600 shares were traded during trading, a decline of 91% from the average session volume of 4,865,964 shares. The stock had previously closed at $349.31.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BNP Paribas began coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Royal Bank of Canada cut their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Trading Down 1.0 %

The company’s fifty day moving average is $342.36 and its 200-day moving average is $315.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $85.16 billion, a PE ratio of 677.92, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,351 shares of company stock valued at $38,595,056. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in the stock. Garden State Investment Advisory Services LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $446,000. Oddo BHF Asset Management Sas acquired a new stake in CrowdStrike in the 3rd quarter valued at $2,975,000. Tri Ri Asset Management Corp purchased a new stake in CrowdStrike in the 3rd quarter worth $5,456,000. Peapack Gladstone Financial Corp acquired a new position in CrowdStrike during the third quarter worth $497,000. Finally, Tidal Investments LLC grew its position in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company’s stock valued at $6,959,000 after purchasing an additional 1,740 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.