CrowdStrike (NASDAQ:CRWD) Trading Down 0.8% – Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 0.8% on Tuesday . The stock traded as low as $345.00 and last traded at $346.63. 427,600 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,865,964 shares. The stock had previously closed at $349.31.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research reports. Robert W. Baird raised their price objective on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Truist Financial raised their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus increased their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $364.25.

CrowdStrike Trading Down 1.0 %

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 cap of $85.16 billion, a price-to-earnings ratio of 677.92, a P/E/G ratio of 19.48 and a beta of 1.11. The business’s 50 day moving average is $342.36 and its 200 day moving average is $315.24.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,351 shares of company stock valued at $38,595,056. Corporate insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in shares of CrowdStrike by 5.5% in the second quarter. Van ECK Associates Corp now owns 12,748 shares of the company’s stock valued at $4,885,000 after purchasing an additional 661 shares during the period. Graypoint LLC acquired a new stake in CrowdStrike in the second quarter valued at about $210,000. Farther Finance Advisors LLC increased its position in CrowdStrike by 35.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,742 shares of the company’s stock worth $1,075,000 after purchasing an additional 719 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of CrowdStrike by 3.9% during the 2nd quarter. Aptus Capital Advisors LLC now owns 3,252 shares of the company’s stock worth $1,246,000 after buying an additional 121 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of CrowdStrike by 12.9% in the 2nd quarter. Essex Financial Services Inc. now owns 789 shares of the company’s stock valued at $302,000 after buying an additional 90 shares during the period. 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.