CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.3% on Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s share price was down 0.3% on Thursday after UBS Group lowered their price target on the stock from $450.00 to $425.00. UBS Group currently has a buy rating on the stock. CrowdStrike traded as low as $355.75 and last traded at $364.24. Approximately 1,648,284 shares traded hands during trading, a decline of 56% from the average daily volume of 3,733,061 shares. The stock had previously closed at $365.44.

Several other analysts have also issued reports on CRWD. Wells Fargo & Company boosted their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $400.10.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. This trade represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 100,315 shares of company stock valued at $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter worth about $27,000. Fortitude Family Office LLC grew 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 during the last quarter. FPC Investment Advisory Inc. increased its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s fifty day moving average price is $387.84 and its two-hundred day moving average price is $338.02. The stock has a market capitalization of $89.71 billion, a PE ratio of 714.18, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.