CrowdStrike (NASDAQ:CRWD) Stock Price Down 0.4% - Time to Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report) shares fell 0.4% during mid-day trading on Monday . The stock traded as low as $442.87 and last traded at $451.74. 2,842,359 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 3,201,230 shares. The stock had previously closed at $453.77.

Analyst Ratings Changes

A number of research analysts have recently commented on CRWD shares. Robert W. Baird reaffirmed a "neutral" rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Truist Financial increased their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. Piper Sandler raised their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Bank of America lifted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $379.73.

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CrowdStrike Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $107.43 billion, a P/E ratio of 855.19, a P/E/G ratio of 18.65 and a beta of 1.16. The firm's 50 day simple moving average is $383.99 and its two-hundred day simple moving average is $328.39.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction 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 sale, the insider now directly owns 115,798 shares of the company's stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $51,038,529 over the last three months. Insiders own 4.34% of the company's stock.

Hedge Funds Weigh In On CrowdStrike

Hedge funds and other institutional investors have recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter valued at about $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the period. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the third quarter valued at about $32,000. 71.16% of the stock is owned by institutional investors.

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.