CrowdStrike (NASDAQ:CRWD) Trading Down 0.6% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s stock price fell 0.6% during mid-day trading on Thursday . The company traded as low as $361.94 and last traded at $363.67. 287,080 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 4,895,822 shares. The stock had previously closed at $365.79.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Morgan Stanley lifted their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.25.

CrowdStrike Price 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 stock’s 50 day moving average price is $340.37 and its two-hundred day moving average price is $316.02. The firm has a market capitalization of $89.69 billion, a price-to-earnings ratio of 713.99, a P/E/G ratio of 19.48 and a beta of 1.11.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,036 shares of company stock valued at $20,523,497 in the last three months. Insiders own 4.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter worth approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike in the 2nd quarter valued at $33,000. Fairfield Financial Advisors LTD acquired a new stake in CrowdStrike in the 2nd quarter worth $38,000. Strategic Investment Solutions Inc. IL bought a new position in shares of CrowdStrike during the 2nd quarter worth about $38,000. Finally, Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at about $28,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.