CrowdStrike (NASDAQ:CRWD) Stock Price Down 0% – Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 0% during trading on Tuesday . The company traded as low as $359.25 and last traded at $363.64. 1,438,332 shares were traded during trading, a decline of 71% from the average session volume of 4,968,080 shares. The stock had previously closed at $363.68.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRWD. CICC Research started coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. Stifel Nicolaus lifted their price objective on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler upped their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday. Finally, Citigroup upped their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $85.20 billion, a PE ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. The firm’s fifty day moving average is $313.47 and its 200 day moving average is $312.77.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Institutional Trading of CrowdStrike

Several large investors have recently bought and sold shares of CRWD. Quent Capital LLC lifted its stake in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new position in CrowdStrike during the first quarter worth approximately $218,000. Citizens Financial Group Inc. RI boosted its stake in CrowdStrike by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 831 shares of the company’s stock worth $266,000 after buying an additional 47 shares during the last quarter. Virtu Financial LLC acquired a new position in CrowdStrike during the first quarter worth $769,000. Finally, LRI Investments LLC purchased a new stake in CrowdStrike in the 1st quarter valued at $147,000. Hedge funds and other 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.