CrowdStrike (NASDAQ:CRWD) Trading Down 2.9% - Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price traded down 2.9% during trading on Monday . The company traded as low as $361.83 and last traded at $364.76. 710,736 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 4,095,929 shares. The stock had previously closed at $375.62.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. KeyCorp cut 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, March 5th. DA Davidson raised their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Stephens assumed coverage on CrowdStrike in a report on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price objective on the stock. Robert W. Baird lowered their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Stock Performance

The company has a 50-day moving average price of $371.32 and a two-hundred day moving average price of $359.55. The stock has a market capitalization of $99.92 billion, a P/E ratio of 788.44, a PEG ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,375 shares of company stock valued at $46,197,236. 4.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at about $11,310,000. Primoris Wealth Advisors LLC purchased a new stake in CrowdStrike during the fourth quarter valued at approximately $2,166,000. Arcadia Investment Management Corp MI increased its stake in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust increased its stake in shares of CrowdStrike by 53.4% in the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC increased its stake in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Institutional investors 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.