CrowdStrike (NASDAQ:CRWD) Stock Price Down 3.4% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price traded down 3.4% during mid-day trading on Friday . The stock traded as low as $344.70 and last traded at $346.48. 923,158 shares were traded during mid-day trading, a decline of 61% from the average session volume of 2,384,126 shares. The stock had previously closed at $358.72.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CRWD shares. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a report on Wednesday, November 27th. Morgan Stanley lifted their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna upped their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Citigroup lifted their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets upped their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $365.88.

CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day simple moving average of $351.26 and a two-hundred day simple moving average of $314.22. The firm has a market cap of $86.37 billion, a PE ratio of 687.58, a PEG ratio of 19.48 and a beta of 1.14.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock valued at $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 added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at $25,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike during the second quarter worth approximately $33,000. Fairfield Financial Advisors LTD bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $38,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of CrowdStrike in the second quarter valued at approximately $38,000. 71.16% of the stock is owned by hedge funds and other 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.