CrowdStrike (NASDAQ:CRWD) Trading Down 0.3% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price fell 0.3% on Thursday . The stock traded as low as $351.31 and last traded at $358.72. 2,546,001 shares were traded during mid-day trading, a decline of 6% from the average session volume of 2,694,437 shares. The stock had previously closed at $359.93.

Analyst Ratings Changes

Several research firms recently weighed in on CRWD. Susquehanna lifted their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their target price on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Stock Down 2.8 %

The firm’s 50-day moving average price is $352.17 and its 200 day moving average price is $314.01. The firm has a market capitalization of $85.92 billion, a price-to-earnings ratio of 684.01, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,752,993 over the last ninety days. 4.34% of the stock is currently owned by insiders.

Institutional Trading of CrowdStrike

Hedge funds have recently bought and sold shares of the company. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the period. Sunpointe LLC raised its stake in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. Hilltop Holdings Inc. raised its stake in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares during the period. Interchange Capital Partners LLC raised its stake in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after purchasing an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC raised its stake in CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds 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.