CrowdStrike (NASDAQ:CRWD) Trading Down 0.2% – Here’s Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was down 0.2% on Tuesday . The stock traded as low as $445.27 and last traded at $450.79. Approximately 883,588 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 3,062,888 shares. The stock had previously closed at $451.74.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRWD. Susquehanna lifted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Citigroup lifted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada increased their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird restated a “neutral” rating and set a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $376.00.

CrowdStrike Price Performance

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 stock has a market capitalization of $112.12 billion, a price-to-earnings ratio of 892.53, a PEG ratio of 17.22 and a beta of 1.16. The stock’s 50 day simple moving average is $378.67 and its 200-day simple moving average is $325.10.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several large investors have recently modified their holdings of CRWD. Vanguard Group Inc. lifted its position in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. State Street Corp lifted its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Finally, Norges Bank acquired a new position in CrowdStrike during the 4th quarter valued at $1,111,542,000. 71.16% of the stock is owned by institutional investors.

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.