CrowdStrike (NASDAQ:CRWD) Shares Down 4.1% – Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares fell 4.1% on Friday . The company traded as low as $330.07 and last traded at $333.38. 1,966,062 shares were traded during mid-day trading, a decline of 48% from the average session volume of 3,775,986 shares. The stock had previously closed at $347.73.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird dropped their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays decreased their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Trading Down 4.1 %

The firm has a market capitalization of $82.14 billion, a P/E ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $387.07 and its 200-day simple moving average is $339.05.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,315 shares of company stock worth $38,387,254. 4.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CrowdStrike

Several institutional investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 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.