CrowdStrike (NASDAQ:CRWD) Trading Down 1.4% – Here’s What Happened

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) were down 1.4% during trading on Thursday . The stock traded as low as $394.00 and last traded at $391.45. Approximately 840,058 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 3,178,704 shares. The stock had previously closed at $397.07.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Needham & Company LLC lifted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. KeyCorp lifted their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Morgan Stanley increased their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Rosenblatt Securities lifted their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada increased their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Stock Performance

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 has a market cap of $98.05 billion, a price-to-earnings ratio of 780.54, a price-to-earnings-growth ratio of 21.08 and a beta of 1.14. The stock has a fifty day moving average price of $362.61 and a 200-day moving average price of $312.98.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % 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 ninety days. 4.34% of the stock is currently owned by company insiders.

Institutional Trading of CrowdStrike

Several large investors have recently modified their holdings of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Oakworth Capital Inc. purchased a new position in CrowdStrike in the 3rd quarter valued at about $28,000. Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.