CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price fell 0.9% during mid-day trading on Thursday . The stock traded as low as $360.28 and last traded at $367.88. 797,593 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,763,566 shares. The stock had previously closed at $371.41.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group reduced their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Price Performance

The stock has a fifty day moving average of $388.08 and a 200-day moving average of $347.22. The firm has a market capitalization of $91.09 billion, a P/E ratio of 720.61, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,801 shares of company stock valued at $42,092,255. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FSA Wealth Management LLC lifted its holdings in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC grew its stake in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares during the period. Finally, Synergy Financial Group LTD increased its holdings in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

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.