CrowdStrike (NASDAQ:CRWD) Shares Down 8.4% – Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 8.4% during mid-day trading on Monday . The company traded as low as $305.10 and last traded at $305.54. 2,082,887 shares were traded during trading, a decline of 46% from the average session volume of 3,849,709 shares. The stock had previously closed at $333.50.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. CICC Research assumed coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Stifel Nicolaus lowered their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Truist Financial upped their price objective on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Price Performance

The firm has a market cap of $76.08 billion, a PE ratio of 605.62, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s fifty day moving average is $387.07 and its 200-day moving average is $339.51.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by company insiders.

Institutional Trading of CrowdStrike

Institutional investors have recently added to or reduced their stakes in the stock. Graypoint LLC boosted its position in shares of CrowdStrike by 57.2% in the third quarter. Graypoint LLC now owns 860 shares of the company’s stock valued at $241,000 after acquiring an additional 313 shares during the period. Capital Performance Advisors LLP bought a new position in CrowdStrike in the 3rd quarter valued at $53,000. CWA Asset Management Group LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at $630,000. Verdence Capital Advisors LLC increased its holdings in shares of CrowdStrike by 15.3% in the third quarter. Verdence Capital Advisors LLC now owns 1,975 shares of the company’s stock worth $554,000 after purchasing an additional 262 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of CrowdStrike by 8.1% in the third quarter. Lindbrook Capital LLC now owns 951 shares of the company’s stock worth $267,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Company Profile

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.