CrowdStrike (NASDAQ:CRWD) Shares Down 0.9% - Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price fell 0.9% during trading on Friday . The stock traded as low as $353.03 and last traded at $365.75. 1,734,224 shares were traded during trading, a decline of 63% from the average session volume of 4,733,039 shares. The stock had previously closed at $369.03.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWD. BMO Capital Markets raised their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. KeyCorp reduced their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $399.51.

CrowdStrike Trading Up 2.0 %

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 firm has a market capitalization of $91.57 billion, a price-to-earnings ratio of 724.48, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm's 50 day moving average is $386.53 and its 200 day moving average is $345.25.

Remove Ads

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at $334,194,852.96. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,858 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,858 shares of company stock valued at $21,288,706 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CrowdStrike

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the 4th 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 grew its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds 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.