CrowdStrike (NASDAQ:CRWD) Shares Down 0.8% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 0.8% during trading on Monday . The stock traded as low as $419.12 and last traded at $421.48. 823,951 shares were traded during trading, a decline of 84% from the average session volume of 5,049,333 shares. The stock had previously closed at $424.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Jefferies Financial Group reduced their price target on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Bank of America boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.76.

CrowdStrike Trading Down 0.9 %

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $104.41 billion, a P/E ratio of 825.33, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The business’s fifty day simple moving average is $369.96 and its 200 day simple moving average is $362.11.

Insider Activity at CrowdStrike

In related news, Director Johanna Flower sold 2,974 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the transaction, the director now directly owns 82,875 shares of the company’s stock, valued at approximately $30,040,530. This represents a 3.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock worth $46,197,236 over the last 90 days. Insiders own 4.34% of the company’s stock.

Hedge Funds Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in 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. boosted its holdings in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. 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.