CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares were down 1.1% during trading on Friday . The stock traded as low as $373.10 and last traded at $375.62. Approximately 2,091,665 shares changed hands during trading, a decline of 58% from the average daily volume of 5,021,500 shares. The stock had previously closed at $379.84.
Analyst Upgrades and Downgrades
CRWD has been the topic of several recent research reports. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial decreased their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Rosenblatt Securities restated a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $400.53.
Check Out Our Latest Stock Analysis on CrowdStrike
CrowdStrike Price Performance
The company has a market capitalization of $91.33 billion, a PE ratio of 722.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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 company's 50 day simple moving average is $374.34 and its 200 day simple moving average is $359.31.
Insider Activity at CrowdStrike
In related news, Director Gerhard Watzinger sold 2,600 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total value of $985,218.00. Following the completion of the sale, the director now directly owns 60,291 shares of the company's stock, valued at $22,846,068.63. This represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares of the company's stock, valued at $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. Insiders have sold 119,401 shares of company stock valued at $45,119,220 in the last ninety days. Insiders own 4.34% of the company's stock.
Hedge Funds Weigh In On CrowdStrike
A number of institutional investors have recently modified their holdings of the business. Jericho Financial LLP grew its position in CrowdStrike by 12.3% during the 1st quarter. Jericho Financial LLP now owns 9,957 shares of the company's stock worth $3,511,000 after purchasing an additional 1,089 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of CrowdStrike by 8.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 128,550 shares of the company's stock worth $45,324,000 after buying an additional 9,811 shares during the last quarter. Crumly & Associates Inc. increased its position in CrowdStrike by 1.6% in the 1st quarter. Crumly & Associates Inc. now owns 2,284 shares of the company's stock valued at $805,000 after acquiring an additional 35 shares during the period. 1858 Wealth Management LLC purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $210,000. Finally, Kennedy Investment Group lifted its position in CrowdStrike by 5.9% during the 1st quarter. Kennedy Investment Group now owns 3,582 shares of the company's stock worth $1,263,000 after acquiring an additional 201 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.
CrowdStrike Company Profile
(
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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.
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