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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 0.9% during trading on Friday . The company traded as low as $353.03 and last traded at $365.75. Approximately 1,734,224 shares changed hands during trading, a decline of 63% from the average daily volume of 4,733,039 shares. The stock had previously closed at $369.03.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRWD shares. Mizuho increased their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Stock Up 0.3 %

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 company has a market capitalization of $91.78 billion, a price-to-earnings ratio of 727.40, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average price is $386.27 and its 200-day moving average price is $343.52.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empirical Asset Management LLC bought a new position in CrowdStrike during the fourth quarter worth $11,310,000. Arcadia Investment Management Corp MI boosted its position in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares during the period. Greenleaf Trust boosted its position in shares of CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares during the period. Trifecta Capital Advisors LLC boosted its position in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after acquiring an additional 13,323 shares during the period. 71.16% of the stock is owned by 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.