CrowdStrike (NASDAQ:CRWD) Stock Price Down 1% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) fell 1% on Thursday . The company traded as low as $373.46 and last traded at $374.08. 575,272 shares changed hands during trading, a decline of 79% from the average session volume of 2,794,317 shares. The stock had previously closed at $377.98.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. Morgan Stanley raised their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. CICC Research started coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Scotiabank lifted their price objective on CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Trading Down 0.7 %

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’s fifty day simple moving average is $357.22 and its 200-day simple moving average is $311.97. The firm has a market cap of $92.45 billion, a PE ratio of 735.98, a PEG ratio of 19.49 and a beta of 1.14.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were 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 $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. State Street Corp grew its holdings in 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 acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares in the last quarter. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the period. 71.16% of the stock is owned by hedge funds and other 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.