CrowdStrike (NASDAQ:CRWD) Shares Down 1.4% - Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares dropped 1.4% during trading on Thursday . The stock traded as low as $394.00 and last traded at $391.45. Approximately 840,058 shares were traded during trading, a decline of 74% from the average daily volume of 3,178,704 shares. The stock had previously closed at $397.07.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Barclays lifted 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. Rosenblatt Securities upped their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Scotiabank raised their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Finally, Oppenheimer boosted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.00.

CrowdStrike Trading Down 0.1 %

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 business has a 50 day moving average of $361.31 and a two-hundred day moving average of $312.25. The firm has a market capitalization of $97.75 billion, a price-to-earnings ratio of 778.19, a P/E/G ratio of 20.07 and a beta of 1.14.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of CrowdStrike

Several institutional investors have recently made changes to their positions in the company. TigerOak Management L.L.C. purchased a new stake in CrowdStrike in the 4th quarter valued at about $262,000. American Financial Advisors LLC boosted its position in CrowdStrike by 25.6% in the fourth quarter. American Financial Advisors LLC now owns 980 shares of the company's stock worth $335,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new position in CrowdStrike in the 4th quarter valued at $882,000. Manchester Capital Management LLC increased its position in shares of CrowdStrike by 123.2% during the 4th quarter. Manchester Capital Management LLC now owns 558 shares of the company's stock valued at $191,000 after purchasing an additional 308 shares during the last quarter. Finally, Empire Life Investments Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth about $916,000. Institutional investors own 71.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.