CrowdStrike (NASDAQ:CRWD) Trading Down 0.3% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 0.3% during trading on Thursday . The company traded as low as $351.31 and last traded at $358.72. Approximately 2,546,001 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 2,694,437 shares. The stock had previously closed at $359.93.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRWD shares. Piper Sandler raised their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Morgan Stanley raised their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Stifel Nicolaus raised their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Rosenblatt Securities lifted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

CrowdStrike Price Performance

The company has a market capitalization of $85.92 billion, a P/E ratio of 684.01, a P/E/G ratio of 19.48 and a beta of 1.14. The business’s 50-day simple moving average is $352.17 and its 200 day simple moving average is $314.01. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock worth $38,752,993. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWD. Quest Partners LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at approximately $104,000. LPL Financial LLC raised its holdings in shares of CrowdStrike by 14.9% during the second quarter. LPL Financial LLC now owns 363,259 shares of the company’s stock valued at $139,198,000 after acquiring an additional 47,129 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of CrowdStrike by 14.2% during the second quarter. Jupiter Asset Management Ltd. now owns 4,741 shares of the company’s stock valued at $1,817,000 after acquiring an additional 589 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in shares of CrowdStrike during the second quarter valued at approximately $239,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of CrowdStrike by 24.1% during the second quarter. Oppenheimer & Co. Inc. now owns 50,501 shares of the company’s stock valued at $19,351,000 after acquiring an additional 9,808 shares during the period. 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.