CrowdStrike (NASDAQ:CRWD) Trading Down 0% - Should You Sell?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) were down 0% on Thursday . The company traded as low as $370.55 and last traded at $375.05. Approximately 771,435 shares changed hands during trading, a decline of 84% from the average daily volume of 4,728,179 shares. The stock had previously closed at $375.05.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Evercore ISI lifted their target price on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. DA Davidson lifted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Baird R W downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $399.51.

CrowdStrike Stock Down 1.8 %

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 simple moving average of $386.53 and a 200-day simple moving average of $344.65. The firm has a market capitalization of $89.79 billion, a price-to-earnings ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19.

Remove Ads

Insider Buying and Selling

In other news, CEO George Kurtz sold 18,071 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the company's 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 transaction, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock worth $38,319,124. Insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the business. FSA Wealth Management LLC boosted its stake in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Synergy Financial Group LTD increased its holdings in CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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.