CrowdStrike (NASDAQ:CRWD) Trading Down 2.6% - What's Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s share price fell 2.6% during mid-day trading on Friday . The stock traded as low as $355.77 and last traded at $356.99. 824,009 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,762,175 shares. The stock had previously closed at $366.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CRWD shares. Wells Fargo & Company increased their price objective on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. UBS Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research note 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 one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $399.62.

CrowdStrike Price Performance

The company has a fifty day moving average price of $388.15 and a two-hundred day moving average price of $349.49. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $87.40 billion, a price-to-earnings ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Empirical Asset Management LLC bought a new stake in CrowdStrike during the fourth quarter worth about $11,310,000. Arcadia Investment Management Corp MI boosted its holdings in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust grew its position in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC increased its holdings in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after purchasing an additional 13,323 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.