CrowdStrike (NASDAQ:CRWD) Shares Down 0.4% – Here’s What Happened

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price was down 0.4% during trading on Monday . The company traded as low as $442.87 and last traded at $451.74. Approximately 2,842,359 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 3,201,230 shares. The stock had previously closed at $453.77.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent analyst reports. Truist Financial upped 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. Barclays boosted their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Scotiabank increased their price target on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Finally, CICC Research started coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $379.73.

CrowdStrike Trading Down 1.1 %

The stock has a market capitalization of $110.87 billion, a price-to-earnings ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The company has a fifty day moving average of $380.83 and a two-hundred day moving average of $326.77. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value 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 approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,565 shares of company stock worth $49,235,849. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently bought and sold shares of CRWD. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Pathstone Holdings LLC boosted its position in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Jennison Associates LLC grew its stake in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

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.