CrowdStrike (NASDAQ:CRWD) Shares Down 2.8% – Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares dropped 2.8% during trading on Friday . The stock traded as low as $417.06 and last traded at $424.05. Approximately 1,741,801 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 3,106,152 shares. The stock had previously closed at $436.14.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. The Goldman Sachs Group upped their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Bank of America raised their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Truist Financial boosted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Stifel Nicolaus boosted their price target on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $383.08.

CrowdStrike Stock Down 6.3 %

The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $383.99 and a 200-day moving average of $328.39. The firm has a market cap of $100.66 billion, a P/E ratio of 801.80, a price-to-earnings-growth ratio of 18.44 and a beta of 1.16.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by insiders.

Institutional Investors Weigh In On CrowdStrike

Institutional investors have recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 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.