CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.9% – What’s Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price dropped 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 changed hands during mid-day trading, a decline of 63% from the average daily volume of 4,733,039 shares. The stock had previously closed at $369.03.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America boosted 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, DA Davidson boosted their price target on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Two equities research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

The stock has a market capitalization of $91.78 billion, a P/E ratio of 727.40, a PEG ratio of 17.86 and a beta of 1.19. The business has a fifty day simple moving average of $386.27 and a 200-day simple moving average of $343.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 over the last ninety days. 4.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the business. 111 Capital bought a new position in shares of CrowdStrike during the 4th quarter worth $764,000. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of CrowdStrike during the 4th quarter worth $27,016,000. Centaurus Financial Inc. grew its stake in shares of CrowdStrike by 62.0% during the 4th quarter. Centaurus Financial Inc. now owns 3,153 shares of the company’s stock worth $1,079,000 after acquiring an additional 1,207 shares during the period. Wealthedge Investment Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth about $858,000. Finally, Siemens Fonds Invest GmbH boosted its stake in CrowdStrike by 37.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,967 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,893 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.