CrowdStrike (NASDAQ:CRWD) Trading Down 0.9% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was down 0.9% during mid-day trading on Friday . The company traded as low as $353.03 and last traded at $365.75. Approximately 1,734,224 shares were traded during trading, a decline of 63% from the average daily volume of 4,733,039 shares. The stock had previously closed at $369.03.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWD. Jefferies Financial Group dropped 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. JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Barclays dropped their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Bank of America increased their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Wedbush increased their price target on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Stock Down 1.8 %

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 $89.79 billion, a P/E ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a 50-day simple moving average of $386.53 and a 200 day simple moving average of $344.65.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,315 shares of company stock worth $38,319,124. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds have recently made changes to their positions in CRWD. Avior Wealth Management LLC raised its position in shares of CrowdStrike by 33.2% during the third quarter. Avior Wealth Management LLC now owns 1,046 shares of the company’s stock worth $293,000 after acquiring an additional 261 shares during the last quarter. Citizens Financial Group Inc. RI increased its holdings in CrowdStrike by 26.2% in the third quarter. Citizens Financial Group Inc. RI now owns 2,036 shares of the company’s stock worth $571,000 after purchasing an additional 423 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock worth $379,895,000 after purchasing an additional 20,899 shares in the last quarter. Nwam LLC increased its holdings in CrowdStrike by 32.4% in the third quarter. Nwam LLC now owns 3,253 shares of the company’s stock worth $912,000 after purchasing an additional 796 shares in the last quarter. Finally, GenTrust LLC bought a new stake in CrowdStrike in the third quarter worth approximately $1,451,000. 71.16% of the stock is currently owned by institutional investors.

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.