CrowdStrike (NASDAQ:CRWD) Trading Down 3.4% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price fell 3.4% during mid-day trading on Friday . The stock traded as low as $344.70 and last traded at $346.48. 923,158 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 2,384,126 shares. The stock had previously closed at $358.72.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRWD shares. Wells Fargo & Company upped their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. DA Davidson restated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $365.88.

CrowdStrike Price Performance

The firm’s fifty day moving average price is $351.26 and its 200-day moving average price is $314.22. 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 stock has a market cap of $86.37 billion, a P/E ratio of 687.58, a PEG ratio of 19.48 and a beta of 1.14.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock valued at $38,752,993. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter worth $32,000. 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.