CrowdStrike (NASDAQ:CRWD) Stock Price Down 1.3% - Here's Why

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price was down 1.3% during trading on Friday . The stock traded as low as $360.65 and last traded at $363.97. Approximately 970,539 shares were traded during trading, a decline of 81% from the average daily volume of 4,977,360 shares. The stock had previously closed at $368.61.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRWD. Mizuho boosted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their price target on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $400.88.

CrowdStrike Trading Up 3.7 %

The company has a 50 day moving average of $379.36 and a 200 day moving average of $355.99. 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 market capitalization of $97.36 billion, a price-to-earnings ratio of 770.21, a P/E/G ratio of 17.86 and a beta of 1.28.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,801 shares of company stock valued at $45,553,642. Corporate insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC grew its position in shares of 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 in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC increased its position 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 acquiring an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC raised its stake in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other 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.