CrowdStrike (NASDAQ:CRWD) Trading Down 0.3% – What’s Next?

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) traded down 0.3% during mid-day trading on Thursday . The company traded as low as $351.31 and last traded at $358.72. 2,546,001 shares were traded during trading, a decline of 6% from the average session volume of 2,694,437 shares. The stock had previously closed at $359.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRWD shares. Morgan Stanley lifted their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Barclays boosted their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Bank of America boosted their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, CICC Research assumed coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

CrowdStrike Trading Down 0.3 %

The business’s 50-day moving average is $350.02 and its two-hundred day moving average is $313.90. The stock has a market capitalization of $88.36 billion, a PE ratio of 703.39, a PEG ratio of 19.48 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,601 shares of company stock valued at $40,755,368 in the last three months. 4.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike in the 3rd quarter valued at approximately $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Castleview Partners LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth about $32,000. Finally, Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the 2nd quarter valued at $33,000. 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.