CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% – Here’s Why

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) dropped 0.9% during trading on Monday . The stock traded as low as $384.24 and last traded at $394.37. 1,363,409 shares were traded during trading, a decline of 57% from the average session volume of 3,172,316 shares. The stock had previously closed at $398.07.

Analysts Set New Price Targets

Several analysts have recently issued reports on CRWD shares. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a report on Wednesday, November 27th. BNP Paribas started coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Finally, Truist Financial upped their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Up 2.4 %

The stock has a market capitalization of $102.77 billion, a P/E ratio of 818.09, a PEG ratio of 21.13 and a beta of 1.16. The stock’s fifty day moving average is $364.15 and its two-hundred day moving average is $313.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock valued at $37,321,176 over the last three months. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Several large investors have recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares during the last quarter. Synergy Financial Group LTD boosted its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares during the last quarter. M3 Advisory Group LLC grew its stake in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares in the last quarter. Advisor OS LLC increased its holdings in CrowdStrike by 2.5% during the fourth quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after buying an additional 32 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its stake in CrowdStrike by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

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.