CrowdStrike (NASDAQ:CRWD) Shares Down 3.4% - What's Next?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Get Free Report)'s stock price dropped 3.4% during trading on Friday . The stock traded as low as $344.70 and last traded at $346.48. Approximately 923,158 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 2,384,126 shares. The stock had previously closed at $358.72.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas initiated coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a "neutral" rating and a $285.00 target price for the company. Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Finally, Hsbc Global Res cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $365.88.

CrowdStrike Trading Down 2.8 %

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 fifty day simple moving average of $352.17 and a two-hundred day simple moving average of $314.01. The firm has a market capitalization of $85.92 billion, a P/E ratio of 684.01, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now directly owns 124,298 shares of the company's stock, valued at $38,455,315.24. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,752,993 in the last 90 days. Insiders own 4.34% of the company's stock.

Institutional Trading of CrowdStrike

A number of large investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the third quarter worth approximately $28,000. Fortitude Family Office LLC grew its position in 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. Tsfg LLC raised its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $32,000. Institutional investors own 71.16% of the company's stock.

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.