CrowdStrike (NASDAQ:CRWD) Shares Gap Down Following Analyst Downgrade

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price gapped down before the market opened on Wednesday after UBS Group lowered their price target on the stock from $450.00 to $425.00. The stock had previously closed at $390.16, but opened at $361.68. UBS Group currently has a buy rating on the stock. CrowdStrike shares last traded at $349.95, with a volume of 4,113,289 shares trading hands.

CRWD has been the subject of a number of other research reports. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday. Hsbc Global Res lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Piper Sandler boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, HSBC cut shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.10.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company's stock, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 over the last three months. Insiders own 4.34% of the company's stock.

Institutional Investors Weigh In On CrowdStrike

A number of large investors have recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $27,000. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC boosted its stake in shares of 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 acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 6.3 %

The company has a market capitalization of $90.01 billion, a P/E ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. 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 stock has a fifty day moving average of $387.84 and a 200 day moving average of $338.02.

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.